Acceptance and Usability of Electronic Payment Systems in Nigeria Major Markets

Godspower O. Ekuobase; Festus O. Oliha

The Nigeria payment system is predominantly cash based. Although the Nigeria monetary system have common electronic payment systems (EPSs) deployed, the extent of acceptance and usage among the Nigeria traders is however unknown. This is crucial to the Nigeria ambition of going cashless; being a commerce driven economy. Consequently, we conducted a survey to estimate the level of acceptance and usability of existing EPSs among the Nigeria traders. In particular, the survey instrument (questionnaire) was designed after the Unified Theory of Acceptance and Use of Technology (UTUAT) model. The result shows that traders in Nigeria major markets are yet, and are not even facilitated, to embrace existing EPS in their day to day buying and selling activities.

Select Volume / Issues:

• Volume 4 Issue 2, March. 2013

Year:

2013

Type of Publication:

Article

Keywords:

Electronic Payment System; Cashless Society; Trade; Nigeria Traders; Nigeria Markets; Usability and Acceptance

Journal:

IJECCE

Volume:

4

Number:

2

Pages:

502-506

Month:

March