Cashless Policy Channels and Performance of Banks in Nigeria
DOI:
https://doi.org/10.51699/ajdes.v31i.760Keywords:
Cashless Policy Channels, Performance, BanksAbstract
The achievement of banks in Nigeria is examined in this study in relation to cashless policy channels. This study's objective is to examine the connection between Nigerian banks' performance and cashless policy channels. Cross-sectional survey research design was used in the study's quasi-experimental approach. Given that they are all represented in Port Harcourt, there are 14 listed deposit money banks as stipulated by the Nigeria Stock Exchange. The 140 consumers who would provide the cross-sectional data for our study, 10 of whom would be purposefully chosen from each of the 14 banks, would be the only ones. It was decided to use the statistical method of multiple regression. The study's conclusions demonstrated that the performance of banks and cashless policy channels are related both considerably and insignificantly.The study came to the conclusion that the cashless policy channel had a beneficial effect on profitability based on the results obtained. On the basis of this, we suggested that banks enhance their technology in use to allow for client satisfaction with the system in order to ensure a viable cashless society.
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