ANALYZING THE CUMULATIVE IMPACT OF DIVERSE ELECTRONIC TRANSACTIONS ON THE FINANCIAL GROWTH OF DMBS IN NIGERIA

This study analyzed the cumulative impact of diverse electronic transactions on the financial growth of listed deposit money banks in Nigeria. The analysis utilizes regression analysis to investigate the impact of ATM usage and POS transactions on Earnings per share Growth (EPSG). The findings indicate that both ATM usage and POS transactions have a positive but statistically insignificant impact on EPSG. The coefficients suggest a positive relationship between these variables and EPSG, indicating that an increase in ATM usage and POS transactions may contribute to some degree of financial growth. However, the p-values exceed the significance level, indicating that these relationships are not statistically significant. These results suggest that while ATM usage and POS transactions may positively influence the financial performance of deposit money banks, their impact on EPSG is not statistically significant. Therefore, banks should consider exploring additional avenues for driving financial growth, such as diversifying revenue streams, embracing technological advancements, focusing on customer engagement and experience, monitoring market trends, strengthening risk management practices, and fostering collaboration and partnerships. The findings of this study provide valuable insights for deposit money banks in Nigeria to make informed decisions regarding their business strategies