Acceptance and Usability of Electronic Payment Systems in Nigeria Major Markets

The Nigeria payment system is predominantly cash based. Although the Nigeria monetary system have common electronic payment systems (EPSs) deployed, the extent of acceptance and usage among the Nigeria traders is however unknown. This is crucial to the Nigeria ambition of going cashless; being a commerce driven economy. Consequently, we conducted a survey to estimate the level of acceptance and usability of existing EPSs among the Nigeria traders. In particular, the survey instrument (questionnaire) was designed after the Unified Theory of Acceptance and Use of Technology (UTUAT) model. The result shows that traders in Nigeria major markets are yet, and are not even facilitated, to embrace existing EPS in their day to day buying and selling activities