An assessment of the infrastructural readiness for transitioning to a cashless society in Nigeria: navigating technological limitations in the enforcement of a cashless policy

Famosaya, Olufunmilayo Bamidele (2023) An assessment of the infrastructural readiness for transitioning to a cashless society in Nigeria: navigating technological limitations in the enforcement of a cashless policy. Masters thesis, Dublin, National College of Ireland.

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Abstract

The widespread adoption of technology globally has yielded numerous benefits, including increased innovation, reduced cash spending, lower transaction costs, enhanced security, privacy, financial inclusion, and enhanced convenience. However, some economies, like Nigeria, have not fully embraced this system, leading to missed opportunities. This study assesses Nigeria's economic infrastructural readiness for a cashless society, by adopting the Unified Theory of Acceptance and Use of Technology (UTAUT) model survey questions and various analytical techniques such as descriptive analysis, Chi-square test, Cronbach's Alpha, and Exploratory Factor Analysis (EFA) for responses received. The research evaluates cashless channels and infrastructure, their accessibility, usability, effectiveness, and technological challenges. Findings reveal rapid development of cashless payment systems, particularly in urban areas with higher employment rates, and positive perceptions of cashless transactions. However, the study's limited sample size and focus on perceptions warrant further research. Policymakers, businesses, and consumers can leverage these insights to promote cashless adoption and enhance readiness for a successful transition.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Cosgrave, Noel UNSPECIFIED
Subjects:	H Social Sciences > HG Finance > Financial Services H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech H Social Sciences > HG Finance > Money
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Tamara Malone
Date Deposited:	09 Aug 2024 10:22
Last Modified:	09 Aug 2024 10:22
URI:	https://norma.ncirl.ie/id/eprint/7019

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