EFFECT OF CONSUMER KNOWLEDGE AND ATTITUDE ON USE OF CASHLESS BANKING SERVICES AMONG RURAL HOUSEHOLDS IN ABIA STATE, NIGERIA

  • 0 Review(s)

Product Category: Projects

Product Code: 00009251

No of Pages: 140

No of Chapters: 1-5

File Format: Microsoft Word

Price :

₦5000

  • $

ABSTRACT

The study provided empirical evidence on effect of consumer knowledge and attitude on use of cashless banking services among rural households in Abia State. Specifically, the study ascertained the respondents’ level of knowledge (K) of selected cashless banking services, respondents’ attitude (A) to selected cashless banking services, and the level of use/practice (P) of selected cashless banking services, among others. The study made use of multi-stage sampling procedure in selecting 180 respondents. Data for the study were collected with use of structured questionnaire on all the specific objectives of the study. Data collected were analysed with both descriptive and inferential statistics. The major results showed that the respondents generally had high level of knowledge of cashless banking services ( =3.43), positive attitude towards cashless banking services ( =2.57), and a relatively low use of cashless bank services ( =2.42). The result also revealed the respondents’ perceived benefits of cashless bank services as to ensure access to credit (81.1%), were portable (71.8%), gave cheaper access to banking services (71.1%), reduce risks of cash related crimes (70.0%), minimize labour cost and offer more service options (68.9%). It also promotes the usage of electronic products (67.6%), convenience (64.4%), help to track spending (56.6%), and is cost saving (53.4%). The result further revealed a grand mean of 3.41 for constraints in their use of cashless bank services. The result of hypothesis showed that there was a significant relationship between respondents’ knowledge and use of cashless banking services in the study area at percent level of probability. The result also showed that a positive significant relationship existed between respondents’ attitude and use of cashless banking services in the study area at 1%. A positive and significant relationship was revealed to exist between the socio-economic characteristics of the respondents and use of selected cashless banking services in the study area at 1%. The result also four showed a significant difference between respondents’ knowledge, attitude and use of selected cashless banking services in the study area at 5%. The study concluded that there was a relatively low use of cashless bank services among rural households in Abia State, Nigeria, and therefore, recommends that the Central Bank of Nigeria (CBN), commercial and microfinance banks should put more efforts in educating the rural households on cashless banking services, especially on the use of credit cards, short message service (SMS) and internet banking as they recorded very low scores in their uses.








TABLE OF CONTENTS


Content                                                                                                                                 Page

Title Page                                                                                                                                                           i

Certification                                                                                                                                                      ii

Dedication                                                                                                                                                         iii

Declaration                                                                                                                                                        iv

Acknowledgement                                                                                                                                           v

Table of contents                                                                                                                                             vi  

List of Tables                                                                                                                                                     viii

List of Figures                                                                                                                                                    ix

Abstract                                                                                                                                                             x

CHAPTER 1:        INTRODUCTION

1.1   Background of the Study                                                                                                                  1

1.2   Statement of the Problem                                                                                                                5

1.3   Research Questions                                                                                                             8

1.4   Objectives of the Study                                                                                                                     9

1.5   Hypothesis of the Study                                                                                                                    9

1.6   Justification of the Study                                                                                                                  10

1.7   Scope of the Study                                                                                                               11

1.8   Definition of Terms                                                                                                              12

 

 

CHAPTER 2:        LITERATURE REVIEW                                                                            15

2.1 Conceptual Review                                                                                                                      15

2.1.1 History of banking in nigeria                                                                                                                15

2.1.2 Concept of cashless banking                                                                                                                17

2.1.3 Rationale for the CBN cashless policy                                                                                                 20

2.1.4 Forms of cashless banking                                                                                                      23

2.1.5 Benefits of cashless banking                                                                                                                27

2.1.6 Consumer knowledge                                                                                                                           30

2.1.7 Consumer attitude                                                                                                                                 32

2.1.8 Consumer behaviour                                                                                                                             34

2.1.9 The KAP-GAP                                                                                                                                           42

2.1.10 Relationship between knowledge, attitude and behaviour (KAP)                                44

2.1.11 Factors affecting the adoption of cashless banking services in nigeria                     45

2.1.12 Factors that cause discontinuance of cashless banking services                                   48

2.2 Review of Empirical Studies                                                                                                       50

2.3 Theoretical Framework                                                                                                                            57

2.3.1 Maslow’s hierarchy of needs theory                                                                                                  58

2.3.2 Theory of reasoned action/ planned behaviour                                                                 61

2.3.3 Engel, blackwell and kollat’s model: engel-blackwell-miniard model of consumer

              behavior                                                                                                                                              65

2.4 Conceptual Framework                                                                                                                            74

 

CHAPTER 3     METHODOLOGY                                                                                         78

3.1 Study Area                                                                                                                                    78

3.2 Population of the Study                                                                                                                            81

3.3 Sample and Sampling Procedure                                                                                                            81

3.4 Data Collection                                                                                                                                           81

3.5 Test of validity of the Instrument                                                                                                           82

3.6 Test of reliability of Instrument                                                                                                              82

3.7 Data Analysis and Model Specification                                                                                                  82

3.8 Hypothesis Testing                                                                                                                      85

 

CHAPTER 4   RESULT AND DISCUSSION                                                                          89

4.1 Socio-Economic Characteristics of Respondents                                                                                 89

4.2   Level of knowledge (K) of Selected Cashless Banking Services                                                  94

4.3 Attitude (A) Towards Selected Cashless Banking Services                                                   95

4.4 Level of Use/Practice (P) of Selected Cashless Banking Services                                        97

4.5 Benefits of Cashless Bank Services                                                                                           98

4.6 Constraints to the Practice of Cashless Banking Services                                                     101

 

CHAPTER 5  SUMMARY, CONCLUSION AND RECOMMENDATIONS                         111

5.1 Summary                                                                                                                                                     111

5.2 Conclusion                                                                                                                                    114

5.3 Recommendations                                                                                                                                    114

References                                                                                                                                                        116

Appendixes

 

 

 



 

 

LIST OF TABLES


Tables                                                                                              Page

4.1: Percentage distribution of rural households based on their socio-economic

        Characteristics                                                                                                                                          89

4.2: Percentage distribution of rural households based on their monthly income                             92

4.3: Distribution of rural households based on their level of knowledge on cashless banking

       services in the study area                                                                                                                        94

4.4: Distribution of rural households based on their attitude towards cashless banking

       Services                                                                                                                                                       95

4.5:  Distribution of rural households based on their practices on cashless banking services in

the study area                                                                                                                                    97

4.6: Distribution of rural households based on benefits derived from cashless banking

       Services                                                                                                                                                       98

4.7:  Distribution of rural households based on constrains to use of cashless banking services in

  the   study area                                                                                                                                               101        

4.8:  Simple linear regression analysis on effect of respondents’ knowledge on the use of

cashless bank services in the study area.                                                                                        103

4.9: Simple linear regression analysis of effect of respondents’ attitude on the use of cashless

bank services in the study area                                                                                         105

4.10: Multiple regression estimates of the relationship between the socioeconomic characteristics of the respondents and use of cashless bank service in the study area              106

4.11: Result of ANOVA for test of significant difference between the mean of knowledge, attitude and practice of cashless bank services in the study area                                                 108

4.12: Duncan New Multiple Range Test showing the difference between knowledge, attitude and practice of cashless bank services in the study area                                                                109

 

 




 

 

LIST OF FIGURES


Figure                                                                       Page

1: A conceptual framework                                                                                          77

2: Map of Abia State Nigeria                                                                                        80

3: Participating agricultural zones                                                                                57

4: Graph illustrating KAP gap                                                                                      75

 

 

 


 

 

CHAPTER 1

INTRODUCTION

1.1           BACKGROUND OF THE STUDY

It is germane to say that in the 15th century when Nigeria first had contact with the outside world, trade was done by barter. Trade by barter is a type of trade in which individuals exchange goods and services instead of using money (Arthur and Sheffrin, 2003).   The Portuguese and the Dutch who were the first Europeans to visit the West African Coast traded in Pepper, Copper, Ivory, Cotton and slaves. Various traded goods or items like cloth and gin, used as means of exchange in various areas of Nigerian territories were in much demand, especially in the riverside areas like Calabar, Bonny and Brass for payment of rent. Beside cloth and gin, barter trade was also carried out in various areas of Nigeria through the media of tobacco heads, beads, salt, palm oil and dry fish (Ibeabuchi, 2012).

As trade increased in a geometrical progression, there came a demand for a standard currency. The problems of barter such as the double coincidence of wants, undefined measure of value, indivisibility of certain goods, lack of standards for deferred payments and difficulty in storing wealth, necessitated the introduction of various forms of money (Humphrey, 1985).Thus, the need for something that could be accepted as a medium of exchange brought the use of various forms of local currency in Nigeria such as iron currency (rings, bars, hoes, spear & axes), bead, manila and cowries. Bead currencies were highly cherished, and in fact, demanded highly as a medium of trade because of its use as a measure of wealth and for body adornment, as well as ritual sacrifices. The need to preserve wealth (save) arose later.

In Nigeria, the first formal co-operative was formed in 1936. The Credit and Thrift Co-operative was instituted with the principal aim of making life easier for people (especially people with low income) to save, thereby increasing the amount of money available for lending to members. Loans and credits were provided to members at much more traditional and easier conditions than the methods adopted by commercial banks and other financial institutions (Otto, 2006). The Thrift and Credits co-operative was the earliest of cooperatives to have been formed worldwide and also in Nigeria. In Nigeria, the “Esusu” is an example of the Rotating savings and credit associations (ROSCAs). “Esusu” is a revolving loan scheme in Nigeria and is entrenched in many West African countries as a source of credit and savings. Similarly, members in such a society make fixed contributions of money at regular intervals. At each interval, one member collects the entire contributions from all. The “esusu” assisted people raise funds to execute projects, including the expansion of capital for investment purposes (Chuku, 2010).

 

Village banking model exists in communities and are managed by credit and savings associations which provide access to financial services, build community self–help groups, and help members accumulate savings They usually have 25 to 50 members who are low-income individuals seeking to improve their lives through self-employment activities. These members run the association, elect their own officers, establish their own by-laws, distribute loans to individuals and collect payments and services. The loans were backed by moral collateral, the promise that the group stands behind each loan (Chuku, 2010).

 

Banking industry in Nigeria started formally during the colonial era with the establishment of colonial banks with the primary aim of meeting the commercial needs of the colonial government. A bank is an establishment authorized by a government to accept deposits, pay interest, clear cheques, make loans, act as an intermediary in financial transactions, and provide other financial services to its customers. Banking system is regulated through the Central Bank of Nigeria (CBN), which started operations on July 1, 1959.

 

In Nigeria today, we have twenty-two commercial banks licensed by CBN to operate in Nigeria. Nineteen of these banks operate in Abia State. The currency used in Nigeria is the Naira which comes in different denominations. There are four major types of accounts operated in Nigeria (Savings, Current, Domiciliary and Fixed deposit account). Entrepreneurs may choose to store their income in the bank or in other designated places. The civil servants, on the other hand, are forced to maintain  bank accounts to access their salaries. All bank customers are encouraged to use a particular electronic banking channel or channels provided by the bank they operate. The recent evolution of technology for financial transactions poses interesting questions for policy makers and financial institutions, regarding the suitability of current institutional arrangements, and availability of instruments that guarantee financial stability, efficiency and effectiveness of monetary policy (Ernest and Fadiya, 2012).

 

Cash based transactions are gradually being de-emphasized with the introduction of cashless banking services. Cashless banking services allow one to pay for goods and services without using bank notes or coins. A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical bank notes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties. The cashless policy was established in the year 2012 by the Central Bank of Nigeria to curb excesses in the handling of cash in Nigeria. It prescribed a cash handling charge on daily withdrawal above five hundred thousand naira (N500,000) for individuals, and three million naira (N3,000,000) for corporate bodies (CBN, 2011).

 

The policy was not aimed at eliminating the use of cash completely, but to reduce the volume of cash in circulation. This cashless policy introduced by the CBN has helped as a tool to drive online and mobile-based transactions, using infrastructural facilities such as the Internet, Electronic funds transfer (e-payment), Point of Sale (POS), Credit Cards/Debit Cards, mobile banking, and the Automated Teller Machine (ATM). It implies that the payment instrument is not physical cash but other instruments such as cheques, electronic transfers, credit/debit cards, and so on. The rapid advancement in electronic distribution channels has produced tremendous changes in the financial industry in recent years, with an increasing rate of change in technology, competition among players and consumer needs (Hughes, 2001). Most developing countries like Nigeria are on the transition from a pure cash economy to cash-less one.

 

 Modernization of the financial system in Nigeria in line with the global trend has helped corporate organizations enjoy faster access to capital, reduced revenue leakage and reduced cash handling costs. The introduction of the cashless policy has also helped e-commerce to achieve greater penetration. A modern financial system backed up by the cashless policy helps to improve economic activities. Oginni et.al (2013) observed that e-payment system is increasingly gaining users’ acceptance, and that there is gradual increase in the percentage of non-cash transactions in the last few years. Since production and other economic activities such as buying and selling would have to be paid for, the cashless policy facilitates e-transactions and e-payment. This indicates that business people and businesses must open bank account in order to be financially inclusive. This further helps to strengthen CBN’s policy on financial inclusiveness.

          

The cashless policy which thrives better in the urban sector of the economy where literacy level is high, and where most of the economic activities take place has developed a new form of businesses and employment opportunities for entrepreneurs, business people, professionals and job seekers. Infrastructure that facilitate the cashless policy need to be produced by some firms and distributed by other business concerns. Also, repairs and services need to be carried out by either the producers or other service-related firms. Therefore, cashless policy has successfully brought about the development of integrated businesses.

               

According to Hughes (2001), consumer behaviour is the study of how the consumer, makes purchase decisions, and the underlying factors that influence such decisions. Consumer attitude, on the other hand, is the favourable or unfavourable inclination toward an object e.g a person, place, retailer etc. It is common knowledge that an individual with a positive attitude is more likely to buy a product. Consumer attitude basically comprises  beliefs, feelings and behavioural intentions towards some objects. Belief plays a vital role for consumers because, it can be either positive or negative towards an object. (Ajzen and Fishbein, 2000).

           

Human beliefs are not accurate and can change according to situations. Understanding the behaviour and attitude of consumers will help the banking sector understand their disposition towards banking operations, including the cashless banking policy instituted by the CBN.


1.2       STATEMENT OF THE PROBLEM

Nigeria is a country heavily dominated by cash. This is not in line with the global trend, considering Nigeria’s ambition to be amongst the top 20 economies of the world by the year 2020 (CBN, 2011). Furthermore, it is estimated that about 65% of the cash in circulation in the Nigerian economy is outside the banking system, thus severely limiting the impact of the CBN’s efforts at price and economic stabilisation in managing inflation and encouraging economic growth.

 

Inflation is frequently described as a state where “too much money is chasing too few goods”. When there is inflation, the currency loses purchasing power. The purchasing power of a given amount of naira will be smaller over time when there is inflation in the economy. Value addition technologies are developed and transferred to farmers and other individuals in rural communities. The expectation is that this will enhance productivity and improve financial conditions of these entrepreneurs, and enhance food security. This will also translate to enormous cash availability for the producers and service related firms in rural communities.

 

High volume of cash in transactions impose tremendous cost to the banking sector and consequently, the customer, in terms of cash management, frequent printing of currency notes, currency sorting and cash movements. As the volume of cash in circulation grows, so does the cost of cash management to the financial system. Another problem caused by high volume of cash in circulation is the increase in organised crime such as armed robberies, kidnapping and money laundering. It is a well-known fact that criminal underworld usually requires huge volume of cash to carry out their nefarious operations in order to avoid being traced or tracked. There is also the problem of keeping money at home, given the incidences of armed robbery, burglary, fire etc.  

         

The most prevalent of problems customers face using alternative channels of payment or withdrawal, is the issue of fraud. Many unsuspecting customers have fallen prey to the gimmicks of these fraudsters with little or no help from the banks for the refund of their money. They receive text messages or emails purportedly sent from their banks and go ahead to disclose vital information such as the Personal Identification Number (PIN), authorized signature, security code or even their Bank Verification Number (BVN). It is, therefore, not surprising that these set of consumers will have a negative attitude towards use of alternative means of payment and withdrawal as a result of past experience, as well as inadequate knowledge of the operation of these channels. They also lack knowledge on identifying the difference between messages sent from the banks, and those sent by fraudsters giving rise to discontinuance in the use of cashless banking services.

    

In Nigeria today, infrastructure is a major problem that hinders the money deposit banks from attaining full potential in terms of certain policy implementation and its impact on financial transactions in the banking industry. The infrastructure in Nigeria over the years has not been reputable and thus has given way to ineffectiveness to the sincerity in financial transactions in the banks. ATM's, Point of Sales system, mobile banking and other mediums have to dramatically expand to touch at least 40% of the whole economy before any meaningful effect can be achieved (Ernest and Fadiya, 2012).

 

The level of technology in the nation is rather poor and increasing at a slow pace and as such has not given room for major development and policy implementations that may have risen. The technology available for carrying out banking transactions are not as effective as they ought to be, therefore leaving people with no other choice than to keep cash in their houses in order to avoid having to spend lots of time in the banking halls due to low servers, interrupted power supply, bad internet services. Illiteracy and low level of education leave many individuals in the dark, and therefore, result in the inability of the people to understand when developments are being put into place (Ernest and Fadiya, 2012).  Many people do not see the need to keep their money in the banks or invest them due to the lack of understanding they have.

 

Although consumers are aware of the cashless banking service options, consumer attitude and adoption rate or behaviour have not been commendable (Ernest and Fadiya, 2012). This study is aimed at assessing the level of knowledge and attitude on one hand, and the behaviour or practice of selected cashless banking services on the other hand. This is with a view to identifying any gap that may exist between knowledge, attitude and practice (KAP) of selected cashless banking services and to what extent the gap exists. Analysing the knowledge, attitude and behaviour of consumers towards cashless banking services in the study area will enable the consumers have better understanding of the cashless policy and be favourably disposed towards it. It would create the needed awareness for the CBN and other commercial banks to improve on adoption level of the cashless banking service options through effective communication. This would further enable the CBN achieve its goals of establishing the cashless policy in line Nigeria’s vision 2020 goal of being amongst the top 20 economies by the year 2020.

 

1.3       RESEARCH QUESTIONS

The study was guided by the following research questions;

1.     What are the socio-economic characteristics of the rural households?

2.     What is the level of knowledge of selected cashless banking services?

3.     What is the attitude of the rural households to selected cashless banking services?

4.     What is the level of use of selected cashless banking services by the rural households?

5.     What are the benefits of associated with the use of cashless banking services?

6.     What are the constraints to the use of selected cashless banking services by the rural households?

1.4       OBJECTIVES OF THE STUDY

The broad objective of the study is to analyze the effect of consumers knowledge, and attitude on use of cashless banking services among rural households in Abia State. Specifically, the study sought to:

i.      describe the socio-economic characteristics of the rural households;

ii.     ascertain the level of knowledge (K) of the rural households to selected cashless banking services;

iii.   ascertain the attitude (A) of  rural households  to selected cashless banking services;

iv.   ascertain the level of use/practice (P) of selected cashless banking services;

v.     identify the benefits of using cashes bank services;

vi.   ascertain the constraints to the practice of cashless banking services by the rural households in the study area.

 

1.5           HYPOTHESES OF THE STUDY

The following hypotheses were tested in the study:

H01׃ There is no significant relationship between the knowledge of the rural households and use of cashless banking services.

H02׃ There is no significant relationship between the attitude of the rural households and use of cashless banking services.

H03׃ There is no significant relationship between selected socioeconomic characteristics of the rural households and use of cashless banking services.

H04: There are no significant differences in knowledge, attitude and practice (use) of cashless bank services in the study area.

 

1.6       JUSTIFICATION OF STUDY

Nigeria is a country heavily dominated by cash because majority of the payments are made in cash. Consumers who are used to making payments in cash may not adopt alternative channels, especially where they do not have full knowledge of it, or have had previous bad experiences from using such alternative channels. The adoption of alternative channels provided by money deposit banks in line with the CBN cashless policy largely depends on the infrastructures put in place by the CBN and money deposit banks. These will either create a positive or negative attitude or disposition towards the use of these alternative channels by consumers.

          

The behaviour of the consumers towards cashless banking services, in terms of liking or disliking a particular product offering would enable the banks to re-strategize in line with consumer needs. The marketers believe that by understanding what compels an individual to buy a particular product or service over the other, it is easy to identify which product are in need and which have become obsolete and accordingly the marketing strategies could be redesigned. It is important to study the behaviour and attitude of the consumers in order to make better strategic decisions. If the marketer has complete knowledge about the consumer’s likings or disliking’s, he can then predict the response of the potential customers towards his offerings.
Thus, studying the consumer behaviour before and during purchase helps in production scheduling, designing, pricing, positioning, segmentation, advertising and other promotional activities.

 

The study will aid consumers to improve on their knowledge of the operation of this infrastructure, as well as guard against unauthorized withdrawals. The study will also enlighten them on the benefits associated with migrating to alternative channels especially guarding against the risk of robbery attacks, increased convenience, more service options etc. It would further sensitize CBN and money deposit banks on the state and availability of the banking infrastructures, as well as on improving the security features on the banking applications which will further safeguard the consumers’ funds. This is because if consumers feel unsafe using such banking applications, the adoption level would be low.

           

This study will also enlighten corporate organizations on the benefits of using these alternative channels such as faster access to capital, reduced revenue leakage, as well as reduced cash handling costs as a result of depositing huge amounts of money in these banks.

Furthermore, government can benefit immensely from the CBN cashless policy especially increased economic development. Adoption of the CBN cashless policy would greatly reduce the risk of cash- related crimes, and modernize our payment system in line with Nigeria’s vision 2020 goal of being amongst the top 20 economies by the year 2020 (CBN, 2011). It would also curb corruption especially in money laundering, amongst other cash-related fraudulent activities.

 

1.7           SCOPE OF THE STUDY

 

This study focused on selected commercial banks operating in Abia State and on six cashless banking services which include Automated Teller Machine, Point of Sale, Internet banking, Mobile banking, Electronic funds transfer and Credit/Debit Cards. The study drew its respondents from rural communities which include civil servants farmers that hold bank accounts in the State.


 

1.8       DEFINITION OF TERMS

 

Automated Teller Machine (ATM): This is a product of technological development  to enhance quick service delivery as well as diversified financial services such as cash deposits, withdrawals, funds transfer etc (Odusina , 2014).

Bank: The bank is a financial institution which deals with debits and credits. It lends, accept and deposits money, closes the space between the lenders and borrowers (Prabhavathi  et al, 2018).

Cashless Banking: Keivani et al. (2012) describes electronic banking as “a term which defines the process which a customer performs transactions digitally without visiting the bank”.

Cashless Society: a cashless society has been defined as a state where banking transactions are conducted without physical cash rather through the transmission of digital information between the transacting parties (Wikipedia.org).

Cheque: Investopadia defines cheque as a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Consumer Attitude: Attitude has been defined as an enduring disposition to respond in a perculiar way toward a given class of objects (Tanya, 2008).

Consumer Knowledge: Knowledge from customers is knowledge residing in customers which can be valuable for marketing purposes but is not easily accessible for the firm e.g knowledge about how to use products and services (Przemyslaw T. 2017)
Credit Card: This is a card issued by a bank that helps the card holder loan funds which may be used in paying for goods and services (Mercy, 2011).

Debit Card: This is a bank card used instead of cash when making purchases. The money comes directly from the user's bank account when performing a transaction (Mercy, 2011). Debit cards also allow for instant withdrawal of cash from and ATM.

Economic Development: This is known as efforts that seek to improve the economic well-being and quality of life of a community by creating and/or retaining jobs and supporting or growing incomes and tax base. It is the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved (Acha et al., 2016).

            Economic Growth: This is the increase in the goods and services produced by an  

            economy, typically by a nation, over a long period of time.

It is measured as percentage increase in real Gross Domestic Product (GDP), which is Gross Domestic Product (GDP) adjusted after inflation. GDP is the market value of all final goods and services produced in economy or nation. Economic growth is an increase in a country's productive capacity, as measured by comparing Gross National Product (GNP) in a year with the GNP in the previous year (Ogini et al, 2013)

E- commerce: This is the buying and selling of goods and services, or the transmitting of funds or data over an electronic network, primarily the internet. These business transactions occur either as business to business, business to consumer, consumer to consumer or consumer to business (Keivani et al. 2012).

E- transaction: This is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organizations, conducted over computer- mediated networks (Keivani et al. 2012)

Electronic Payment (Electronic Funds Transfer): This is a way of paying for goods or services electronically, instead of using cash or cheque. It is a financial exchange that takes place online between buyers and sellers. The content of this exchange is usually some form of digital financial instrument such as encrypted credit card, electronic cheques or digital cash (Keivani et al. 2012).

Financial Inclusion is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable (CBN 2018).

Point of Sale Terminal (POS): This is a computerized replacement for a cash register. POS are used in most industries that have a point of sale such as service desk, including restaurants, hotels, etc. A POS terminal is an electronic device used to process card payments at retail locations. A POS terminal generally does the following: reads the information on a customer’s credit or debit card. (Adriana,2006)

Data Availability: is the process of ensuring that data is available to end users and applications, when and where they need it. it defines the degree or extent to which data is readily usable along with

Kap-gap: The difference between levels of knowledge and attitude, on one hand, and practice or adoption, on the other hand.

 


Click “DOWNLOAD NOW” below to get the complete Projects

FOR QUICK HELP CHAT WITH US NOW!

+(234) 0814 780 1594

Buyers has the right to create dispute within seven (7) days of purchase for 100% refund request when you experience issue with the file received. 

Dispute can only be created when you receive a corrupt file, a wrong file or irregularities in the table of contents and content of the file you received. 

ProjectShelve.com shall either provide the appropriate file within 48hrs or send refund excluding your bank transaction charges. Term and Conditions are applied.

Buyers are expected to confirm that the material you are paying for is available on our website ProjectShelve.com and you have selected the right material, you have also gone through the preliminary pages and it interests you before payment. DO NOT MAKE BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.

In case of payment for a material not available on ProjectShelve.com, the management of ProjectShelve.com has the right to keep your money until you send a topic that is available on our website within 48 hours.

You cannot change topic after receiving material of the topic you ordered and paid for.

Ratings & Reviews

0.0

No Review Found.

Review


To Comment