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ABSTRACT
This study examined the influence of electronic banking systems (e-banking) on performance of deposit money banks (DMBs) in Nigeria. The study adopted Historica descriptive research design in carrying out this study and utilized secondary data collected from the Central Bank of Nigeria’s statistical bulletin. Monthly time series data spanning 2016 to 2021 used in the study. The Augmented Dickey Fuller (ADF) and Phillips-Parron were used to test for stationarity. Other econometric tests such as Ramsey Reset, heteroskedasticity, Breusch-Godfrey serial correlation LM, Johansen cointegration test and Parsimonious Error Correction model and the fully modified Least Square were used for data analysis. The study found that, in the short-run, e-banking systems had no significant impact on performance of DMBs in Nigeria. However, the result from the longrun analysis revealed that ATM and POS positively and robustly influence performance of DMBs in Nigeria while Mobile banking has a positive and significant impact on DMBs’ performance. The result from the Johansen Cointegration and the fully modified least squares showed evidence of long-run relationship between e-banking and DMBs’ performance. Thus, the study concluded that e-banking influences performance of DMBs in Nigeria, and recommended that DMBS should sensitize clients regarding the benefit of using ATM, POS and other e-payment channels; and also offer quality mobile banking services to sustain their performance.
