Cashless Banking and Performance of Deposit Money Banks ()
ABSTRACT
Cashless banking has gained popularity over the years,
with the increasing adoption of digital payment methods, such as mobile
payments, internet banking, and electronic fund transfers. This trend has
significant implications for the banking industry, particularly deposit money
banks, which rely on deposits as a primary source of funding. The purpose of
this study is to examine the relationship between cashless banking and the
performance of deposit banks. The study employs a quantitative research method.
The quantitative component involves the use of secondary data from financial
statements of deposit banks for a period of five years (2016-2020). The
financial performance indicators to be analyzed include return on assets (ROA),
return on equity (ROE), net interest margin (NIM), and cost-to-income ratio (CIR). The data collected from the quantitative
components was analyzed using thematic statistical techniques. The
findings will provide insights into the impact of cashless banking on the
performance of deposit banks and the factors that influence this relationship.
The study’s results will be useful to deposit banks, policymakers, and other
stakeholders in the banking sector as they make decisions on the adoption and
implementation of cashless banking.
Share and Cite:
Arinze-Emefo, I. and Ibrahim, U. (2023) Cashless Banking and Performance of Deposit Money Banks.
Open Journal of Business and Management,
11, 3194-3212. doi:
10.4236/ojbm.2023.116174.
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