An Assessment of E-Payment Infrastructures towards an Efficient Cashless Policy in Nigeria: A Case Study of Bauchi State

Abstract

The growing rate of trade brings about improvement in the payment system from the trade by barter system era to the unit of weight system of payment, coins and notes to the present electronic payment system. As a result of high cost of cash management among others the government through the Central Bank of Nigeria, implement the cashless policy for the betterment of the economy, but the question remains; do we have the epayment infrastructure for the efficiency of cashless society?The study aim to access e-payment infrastructure towards an efficient cashless policy in Nigeria. Two hundred and fifty (250) questionnaires were distributed to bank customers and two hundred and twenty nine (nine) where returned, tables and percentages where used to make analyses while chi-square statistical method was used to test the hypothesis. It was concluded that effective e-payment infrastructure is an essential tool to achieve an efficient cashless policy in Nigeria. More PoSterminals should be deployed; ATM should properly be managed while government agencies should ensure efficient telecommunication service delivery.