Electronic Payment System (EPS) - Facilitating the Development and Adoption in Nigeria
Parties conducting electronic businesses and transactions have usually never seen each other face-to-face, nor exchanged currency or hard copies of documents hand-to-hand. The society at large prefers transactions that involve physical contact of people, cash and cheques to that which is done over a telecommunication network such as the Internet. However, security, trust and convenience are among the major contending factors affecting the adoption of e-payment systems in Nigeria. This paper presents issues on the factors necessary to facilitate the development of EPS in Nigeria and devise ways to enhance its adoption by users.
Keywords: Electronic payment system, e-money, and e-payment, Internet
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ABOUT THE AUTHORS
Akudo C. Anyanwu
Akudo Chidinma Anyanwu is a master student of computer science in the Department of Mathematics Ahmadu Bello University, Zaria-Nigeria. Her current research interests include challenges of global economic crisis in banking system, e-payment system strategies and adoptions in Nigeria. Akudo earned a B.Sc. degree in computer science from University of Benin, Edo State, in 2004, and she is currently a staff of United Bank for Africa Plc, the Africa’s Global Bank.
Absalom E. Ezugwu
Absalom El-shamir Ezugwu holds a master degree in Computer Science and is currently a Ph.D student in the Department of Mathematics Ahmadu Bello University, Zaria - Nigeria. His research interests include parallel, distributed and grid computing, and web-based application development.
Sale E. Abdullahi
Dr. Abdullahi, E. Saleh is a visiting Senior Lecturer at Mathematics Department of Ahmadu Bello University, Zaria. He earned his MSc. degree in Computer Science at University of Lagos – Nigeria in 1990 and PhD Computer Science at Queen Marry College, University of London. He is currently the Acting Managing Director/Chief Executive Officer of Nigerian Mobile Telecommunication Limited. His areas of research include Operating Systems, Memory Management, Programming Languages and Simulation.
Akudo C. Anyanwu
Akudo Chidinma Anyanwu is a master student of computer science in the Department of Mathematics Ahmadu Bello University, Zaria-Nigeria. Her current research interests include challenges of global economic crisis in banking system, e-payment system strategies and adoptions in Nigeria. Akudo earned a B.Sc. degree in computer science from University of Benin, Edo State, in 2004, and she is currently a staff of United Bank for Africa Plc, the Africa’s Global Bank.
Absalom E. Ezugwu
Absalom El-shamir Ezugwu holds a master degree in Computer Science and is currently a Ph.D student in the Department of Mathematics Ahmadu Bello University, Zaria - Nigeria. His research interests include parallel, distributed and grid computing, and web-based application development.
Sale E. Abdullahi
Dr. Abdullahi, E. Saleh is a visiting Senior Lecturer at Mathematics Department of Ahmadu Bello University, Zaria. He earned his MSc. degree in Computer Science at University of Lagos – Nigeria in 1990 and PhD Computer Science at Queen Marry College, University of London. He is currently the Acting Managing Director/Chief Executive Officer of Nigerian Mobile Telecommunication Limited. His areas of research include Operating Systems, Memory Management, Programming Languages and Simulation.