Digital Payment Platforms and Deposit Money Banks’ Performance in Nigeria
This study investigates the effect of digital payment platforms on the performance of deposit money banks in Nigeria. The study aims to explore whether or not digital payment platforms impact deposit money banks’ performance in Nigeria. Return on Capital Employed (ROCE) is used as a proxy for bank performance. A total of twenty 21 banks were investigated after the closure of the electronic banking by the Central Banking of Nigeria. Using econometric techniques, including descriptive statistics, correlation coefficient, unit root test, optimal lag structure, and ARDL model, quarterly data from the Central Bank of Nigeria (CBN) statistical bulletin (2010Q1-2023Q4) were examined. The findings reveal that ATMs, MOB, and POS have a positive relationship with ROCE, whereas INB has a negative relationship. The study recommends digital payment platforms should be given adequate attention by the concerned authorities and ensured its smooth and seamless operation across the country and beyond. The Central Bank of Nigeria should limit auto-reversal of failed transactions to 48 hours with the aim of boosting users’ confident in the financial system. mobile banking and point of sale need improvement to foster banking service accessibility to the nooks and crannies of the country. This should be executed with view of achieving financial inclusion nation-wide. Internet banking platform needs serious upgrading to yield intended purpose and enhance seamless services and operations to maximize their impact on the performance of deposit money banks in Nigeria. Keywords: Digital payment platforms, Banks’ performance, Nigeria
Keywords: Digital payment platforms, Banks’ performance, Nigeria
Citation: Akinuli, B.O., Owoputi, A.J., & Phd, (2025). Digital Payment Platforms and Deposit Money Banks’ Performance in Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 10(3), 1-16.