ISSN : 2636-5596

or Register

Click here to reset password


Search IJMPAS Journal article

More Journal Articles......




Impact Of Cashless Banking System Of Payment On Entrepreneurial Activities In Anambra State

Keyword : Cashless Economy, Electronic Payment, Economy, Revenue Leakages, PoS Terminal, Robbery
Author(s) : Onyeagba, Justus B. C. Ph.D And Ilokanulo N. Samuel

Abstract :   Before The Emergence Of Modern Banking System, Banking Operation Was Manually Done Which Lead To A Slowdown In Settlement Of Transactions, Which Massively Affected Entrepreneurial Activities. This Manual System Involves Posting Transactions From One Ledger To Another With Human Hands. The New Policy By Central Bank Of Nigeria (CBN) On Cashless System Of Payment Has Raised A Lot Of Concern To The Growth Of Entrepreneurial Activities In Anambra State, With The Objective Of Reducing Robbery, High Cost Of Processing Cash, Revenue Leakages, Inefficient Treasury Management, Promoting Economic Development Through Financial Intermediation, Among Others. The Aim Of This Paper Is To Ascertain The Extent To Which Proposed Introduction Of Cashless Banking System Of Payment Will Affect Entrepreneurial Activities In Anambra State. Qualitative Research Design And Correlation Was Used To Carry Out This Study. The Study Indicates That There Is Significant Positive Relationship Between The Introduction Of Cashless Banking System Of Payment And Entrepreneurial Activities In Anambra State. The Implication Of These To The Economy Of Anambra State Is That, It Will Lead To Significant Decrease In Deposit Mobilization And Credit Extension By Nigerian Deposit Money Banks. Consequently, The Study Concluded That Cashless System Of Payment Will Be Examined And Develop The E-payment System First, So That People Will Be Used To It Before Talking Of Cashless Economy. This Is Because; Bulk Of The Anambra State Business Activities Is Driven By Small And Medium Enterprises (SME) And Petty Traders. To Retain This Proposed Policy Of Cashless Economy In Nigeria, We Recommend That The Migration Of Our Payments System Towards A Cashless Society Would Require Some Reforms And A Lot Of Effort And Sensitization Especially For Low Income Group, Who Are Currently Deeply Rooted In Using Cash And See It As A Convenient And Easy Way Of Receiving And Making Payments.

Download full Article



Recent Articles

Budget Padding And Appropriation In Nigeria: An Appraisal Of Legislative Powers In An Evolving Democracy
Amobi P. Chiamogu and Uchechukwu P. Chiamogu

Open Budget Systems And Participatory Budgeting In Africa: A Comparative Analysis Of Nigeria And Ghana, 2012 And 2015
Emeka C. Iloh, Michael E. Nwokedi and Chikamso C. Apeh

Implications Of The 2015 Idp Voting Modalities On The Electoral Process And Policy Options For Future Elections In Nigeria
Emeka C. Iloh

Critical Challenges Of Higher Education Management And Administration In Nigeria
Ozinna, Johnpaul Okoye

Entrepreneurship Development And The Growth Of Agricultural Sector In Nigeria
Ndife Chinelo Franca

Reinventing Communication Education For Sustainable Peace-building In Nigeria: Imperatives Of Alternative Education
Collins Obiorah

Growth And Development Of Higher Education In An Era Of Globalization
Dr. V. Suresh and Dr. K. Ramesh

Audience Perception Of Newspaper Corruption Cartoons As Opinion Moulding Tools On Corruption
Collins Obiorah

Human Autonomy And Socio-economic Development In Nigeria: A Critical Appraisal Of Kantian Philosophy Of Pure Reason
Amobi P. Chiamogu and Uchechukwu P. Chiamogu

The Re-branding Project And International Investment In Nigeria: A Critical Evaluation
Mbanefo Odum (Ph.D)

Impact Of Cashless Banking System Of Payment On Entrepreneurial Activities In Anambra State
Onyeagba, Justus B. C. Ph.D and Ilokanulo N. Samuel

Stability In Banking Industry Liquidity And Entrepreneurial Development In Nigeria
Onyeagba, Justus B. C., Ph.D and Ilokanulo N. Samuel

Competing Theories Of Political Power And Power Relations In Post Colonial Nigeria: An Overview
Sebastine Chukwudozie Anekwe and Frank-Collins Nnamdi Okafor

In The Study Of Sun Tzu's Strategic Catechism And Contemporary Calculated Tactics: Locating The Ancient In The Modern
Frank-Collins Nnamdi Okafor, Okoye Belonwu Echezona and Sebastine Chukwudozie Anekwe

Human Security And The Nigerian State: The Niger Delta Challenges
Mohammed, Olaniyi A.




Creative Commons License
Articles by IJMPAS is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.