System as a Panacea towards a Cashless Economy in Nigeria

The benefits of e-banking have been established as being numerous and its success has been argued by many researchers to depend partly on the quality of the banking services but more especially on customer preferences and satisfaction. Surprisingly, as numerous as these e-banking benefits are, very long queues could still be seen in many Nigerian banks for the consumption of the traditional banking services of fund transfer, cash deposits and cash withdrawals. However, to prove the success of e-banking in Nigeria, users ’ acceptance and satisfaction of the system need to be validated. Many research works had been conducted using the Technology Acceptance Model (TAM), an information system theory that models how users come to accept and use a technology, to pzredict and explain users ’ acceptance of e-banking. TAM poses two theoretical constructs; perceived usefulness (PU) and perceived ease of use (PEOU) as fundamental determinants of user’s acceptance of an information system. This research work examines the factors that may influence users ’ acceptance and satisfaction of e-banking in Nigeria by adding the impact of perceived credibility (PC) and trust to the TAM constructs (PU and PEOU) with four other external variables (convenience, quality of technology, service quality and system accessibility) in extending its validity on examining user’s acceptance and satisfaction of e-banking system in Nigeria as a panacea towards operating a cashless economy. The result of the hypothesis testing using Pearson chi square is consistent with previous studies whic