Financial Technology on the Financial Performance of Deposit Money Banks in Nigeria.
The study is to empirically examined the impact of financial technology on the financial performance of deposit money banks in Nigeria. The aim of the study was to examine the impact of point of sale (POS), mobile transfers, Automated Teller Machine (ATM), and NIBSS on the financial performance of t...
| Published in: | Research Journal of Humanities & Cultural Studies Vol. 12; no. 5; pp. 299 - 314 |
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| Main Authors: | , |
| Format: | Article |
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IIARD Publications
2026
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=196288888&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 196288888 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 26952467 MRFL jtl: Research Journal of Humanities & Cultural Studies issn: 26952467 maglogo: N pubinfo: dt: 2026 vid: 12 iid: 5 pid: 63079 pub: IIARD Publications artinfo: ui: 196288888 10.56201/ijssmr.vol.12no5.2026.pg299.313 ppf: 299 ppct: 15 formats: tig: atl: Financial Technology on the Financial Performance of Deposit Money Banks in Nigeria. aug: au: Bosco, Itoro Ekpenyong Jude, Evans Mbachu affil: Department of Economics University of Port Harcourt su: Automated teller machines Financial performance Mobile commerce Financial technology Deposit banking Nigerians Point-of-sale systems Nigeria sug: subj: Nigeria Automated teller machines Financial performance Mobile commerce Financial technology Deposit banking Nigerians Point-of-sale systems ab: The study is to empirically examined the impact of financial technology on the financial performance of deposit money banks in Nigeria. The aim of the study was to examine the impact of point of sale (POS), mobile transfers, Automated Teller Machine (ATM), and NIBSS on the financial performance of the deposit money banks (DBM) in Nigeria. Using panel regression analysis based on dataset from five selected DMBs (First Bank, Union Bank, GTBank, Access Bank, and UBA) between 2014 to 2024, the study conducted descriptive statistics, unit root tests, fixed and random tests, Hausman test, and post-estimation tests: serial correlation and heteroskedasticity test. It was found that POS, NIBSS, and MOB do not significantly impact on the Net Profit Margin (NPM) of the DMBs. However, ATM is found to have a positive and significant impact on the NPM. The study reinforced the growing influence of digital banking infrastructure, especially the ATM, and how they have impacted on the performance of DMBs. The study recommended that banks should expand their investments in their ATM infrastructures as this have been shown to improve their NPM. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2026 holdings: @attributes: islocal: N |
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