ABSTRACT

The study examined the impact of fintech and the economic growth in Nigeria over the period of 2012 – 2022. The study adopted the expost-facto research design and uses the OLS econometric technique and descriptive statistics for the empirical estimation of the model. The findings of the study revealed that automated teller machine transaction has a positive significant impact on real gross domestic product in Nigeria., mobile payment has a positive significant impact on real gross domestic product in Nigeria. The results also showed that point of sales transaction has a negative insignificant impact on real gross domestic product in Nigeria and lastly, web payment transaction has a positive significant impact on real gross domestic product in Nigeria. The study therefore recommends that Monetary authority should encourage financial institutions to leverage on financial technology such automated teller machines, internet banking amongst others to enhance financial performance. The Nigerian government to provide adequate security measures for an effective banking system. Commercial banks in Nigeria should be actively involved in online banking system. And also, monetary authority and other financial regulatory agencies should sensitize point of sales terminal agents to ensure sound financial banking ethics to enhance growth in the economy.