EFFECT OF MOBILE MONEY TRANSACTIONS, WEB PAYMENTS TRANSACTIONS ON RETURN ON EQUITY IN NIGERIAN BANKING SECTOR (A CASE STUDY OF ECOBANKS IN NIGERIA)
Abstract
The study examined effect of mobile money transactions wep, payments Transactions on return on equity in Nigerian Banking Sector (A case study of Ecobanks Nigeria) The specific objectives were to: investigate the relationship between mobile money transactions and web payments transactions on return on equity in Nigeria banking system. The study utilizes secondary sources of data extracted from the Nigerian Deposit Insurance Corporation (NDIC) Annual Report and CBN Statistical Bulletin from 2010 to 2024. Statistical methods such as descriptive analysis, unit root and ARDL regression techniques were employed in the evaluation of the data. The result of the hypotheses revealed that there is strong positive relationship between mobile money, web payment transactions on return on equity in the case study bank. The study recommended that CBN and NDIC should encourage DMBs to always emphasize that banks strengthen their mobile money and web payments transactions in Nigerian banking system.
Keywords: mobile money, web payments, return on equity and bank profitability.
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