THE IMPACT OF INTERNET BANKING ON PROFITABILITY OF COMMERCIAL BANKS IN NIGERIA (A CASE STUDY OF FIDELITY BANK PLC)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
STATEMENT OF THE PROBLEM
The vast majority of the recent literature on electronic money and banking suffers from a narrow focus. It generally ignores internet banking entirely and equates electronic money with the substitution of currency through electronic gadget such as smart cards and virtual currency. For example, Freedman, (2000) proposes that internet banking and electronic money consist of three devices; access devices, stored value cards, and network money. Internet banking is simply the use of new access devices and is therefore ignored. Electronic money then is the sum of stored value (smart) cards and network money (value stored on computer hard drives). What is most fascinating and revealing about this apparently popular view is that internet banking and electronic money are no longer functions or processes, but devices.
Within this rather narrow scope for internet banking and electronic money, there are nonetheless many research that address one or more of the challenges facing it. Santomero and Seater (1996), Prinz (1999), and Shy and Tarkka (2002), and many others present models that identify conditions under which alternative electronic payments substitute for currency. Most of these models indicate that there is at least the possibility for electronic substitutes for currency to emerge and flourish on a large scale, depending on the characteristic of the various technologies as well as the characteristics of the potential users.
Berentsen (1998) considers the impact that the substitution of smart cards for currency will have on monetary policy, arguing that although electronic substitutes for currency will become widespread, monetary policy will continue to work as before because this currency substitution will leave the demand for central Bank reserves largely intact. Goodhart (2000) discusses how monetary control would work in an economy in which Central Bank currency has been partially or completely replaced by electronic substitutes.
Friedman (1999) point out that internet banking presents the possibility that an entire alternative payment system, not under the control of the Central Bank may arise. In an extreme variant of Friedman, King (1999) argues that today computers make it at least possible to bypass the payment system altogether, instead using direct bilateral clearing and settlement; the responses to Friedman.
1.3 OBJECTIVES OF THE STUDY
The main objective of this study is to examine the impact of internet banking on profitability of commercial banks in Nigeria, using Fidelity bank plc as a case study. Specific objectives of the study are:
- To examine the relationship between Automated Teller Machines Installed and profitability of Fidelity bank plc.
- To examine the relationship Point on Sale Channels issued and profitability of fidelity bank plc.
- To examine the relationship between debit/credit cards issued to customers and profitability of Fidelity bank plc.
Related Project Materials
CAUSES AND EFFECTS OF UNEMPLOYMENT AMONG SCHOOL LEAVERS
ABSTRACT
The research investigated the causes and effec...
A CRITICAL REVIEW OF CIVIL SERVANT INDISCIPLINE AND ITS EFFECT ON PRODUCTIVITY
STATEMENT OF THE PROBLEM
Public/Civil Servants, in contemporary public organizations in Nigeria, exhibi...
LIQUIDITY MANAGEMENT IN BANKS: A STUDY OF SELECTED COMMERCIAL BANKS IN NIGERIA (2000-2009)
ABSTRACT
This study sought to examine the challenges of Liquidity Management in Nigeria’s...
DEVELOPMENT OF VOCATIONAL EDUCATION CURRICULA FOR CAREERS IN ENVIRONMENTAL ENGINEERING
ABSTRACT: Developing vocational education curricula for careers in environmental engineering is essential for addressing the growing demand fo...
DEVELOPMENT OF A 5KG CAPACITY INDUCTION FURNACE FOR MELTING ALUMINIUM
ABSTRACT
Aluminium in Nigeria is a popular metallic element. Widely used to produce single domestic appliances and even industrial engine...
FINANCIAL REPORTING BEST PRACTICES IN THE DIGITAL AGE
ABSTRACT:
This research explores the best practices in financial reporting in the digital age in Lagos...
PRIVATIZATION AND COMMERCIALIZATION OF PUBLIC ENTERPRISES IN NIGERIA: AN APPRAISAL OF TELECOMMUNICATION
ABSTRACT
It is because of social issues like economic inequalities, unemployment that made the...
THE EFFECTIVENESS OF MARKETING PLANNING AND CONTROL IN A MANUFACTURING ORGANIZATION
ABSTRACT
The researcher is determined to see and threw more high on the effectiveness of Marketing Plan...
AN INVESTIGATION OF THE SCHOOL FACTORS CONTRIBUTING TO POOR TEACHING AND LEARNING OF CHEMISTRY IN SECONDARY SCHOOL
Background of the Study
The physical world is a collection of "mysteries" to the layman. Howe...
AN EVALUATION OF MARKETING STRATEGIES OF MOBILE PHONE OPERATORS
STATEMENT OF THE PROBLEM
The marketing strategies being used by (MTN Nigeria) is been challenged by myriads of problems...
