AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING NIGERIA BANKS (A CASE STUDY OF
DIAMOND BANK)
CHAPTER TWO
LITERATURE REVIEW
Electronic banking have long been recognized to play an important role in economic development on the basis of their ability to create liquidity in the economy through financial intermediation between savers and borrowers. It also offers
financial services and products that accelerate settlement of transactions and in the process reduce cash intensity in the financial system, encourage banking culture, and catalysis economic growth.
However, for the effective functioning of the financial system, the payment systems must be safe and eicient;
otherwise they can be a channel for the transmission of disturbances from one part of the economy or financial system to others. This is why central bank have been active in promoting sound and efficient payments system and in seeking the means to reduce risks associated with the system.
Nigeria historically operated a cash-driven economy particularly in the consumer sector, however the system has witnessed improvements over the years, and particular in recent times has moved from its rudimentary level of the early years of banking business to the current state of sophistication comparable to other economies at the same level of development.
One important reason for financial liberalization and deregulation is the need to develop a good payment system which promotes an appropriate mechanism for efficiency
in mobilizing and allocating financial resources in the economy. The payment system occupies an important place in the
development of a country economy, infact the level of development of a countries payment system is a reflection of the state or condition of the countries economy.
ELECTRONIC BANKING
It is a fact that today a good number of banks cannot use their IT (information technology) infrastructure to adequately deal with their immediate information requirements. Do such banks qualify to be called e-banks?
E-banking is about using the infrastructure of the digital age to create opportunities both local and global. E-banking enables the dramatic covering of transaction cost and the creation of new types of banking opportunities that address the barriers of time and distance. Banking opportunities are local global and immediate in E-banking
The benefit of electronic banking comprises a broad range of functions which includes; Electronic mail (email) improves communication between individuals, external parties and between banks. The availability of online information provides
bankers and customers with a powerful vehicle for research, banks can provide information and services on line, which customer can pay for and receive. Banking processes are made more efficient and cost effective by integrating other aspects of banking operations such as treasure management and financial
control. If banking functions does not require physical interaction it may drive the benefits of electronic banking.
generic tadalafil united states: http://tadalafilonline20.com/ tadalafil daily use
trusted india online pharmacies buy cheap prescription drugs online
india pharmacy drugs: https://genericwdp.com/ generic drugs without doctor’s prescription
viagra amazon viagra over the counter
cost of viagra
buying viagra online buy generic 100mg viagra online
cost of viagra
viagra from india where can i buy viagra over the counter
price of viagra
where can i buy viagra over the counter buy viagra online canada
viagra without a doctor prescription
best place to buy generic viagra online buy real viagra online
buy generic 100mg viagra online
http://zithazi.com/ – zithromax purchase online
drug store online
http://zithazi.com/ – where can i get zithromax
ed medicines
https://aralenph.com/ – buy chloroquine phosphate
foods for ed
http://zithazi.com/ – buy zithromax canada
online drug store
viagra from canada https://viagrapills100.com/ generic viagra walmart
п»їviagra pills https://viagrapills100.com/ how much is viagra
cheap ed pills usa order ed pills
cheap ed pills usa
cheap ed pills from canada cheap ed pills from canada
cheap ed pills from india
http://prednisonest.com/# 200 mg prednisone daily
http://gabapentinst.com/# gabapentin
https://prednisonest.com/# prednisone 50 mg price
http://gabapentinst.com/# neurontin uk
https://zithromaxst.com/# can you buy zithromax over the counter in mexico
http://gabapentinst.com/# neurontin 300 mg cap
http://hydroxychloroquinest.com/# hydroxychloroquine order online
http://zithromaxproff.com/# buy cheap generic zithromax
zithromax antibiotic without prescription
https://zithromaxproff.com/# buy zithromax canada
can i buy zithromax over the counter in canada
buy keflex online: generic cipro
ketoconazole generic
india pharmacy mail order: india pharmacy drugs generic pills india
india pharmacy: meds from india buy medication online from india
online medications from india: buy medication online from india buy medication online from india
erectile dysfunction pills: https://edpillsonline24.com/# generic viagra pills
692170 998098That being said by use it all, planet is actually restored a bit more. This situation in addition will this specific Skin tightening and starting to be moved and into the mood of these producing activities. every day deal livingsocial discount baltimore washington 805621
order erectile dysfunction pills: https://edpillsonline24.com/# best male erectile dysfunction pill
personals free
free online dating
pills for erectile dysfunction: https://edpillsonline24.com/# best erectile dysfunction pills review
canadian pharmacy viagra: buy viagra without prescription buy viagra online without prescription
viagra no prescription: no prescription viagra viagra no prescription
free local personal ads
dating personals
personals sites
local single
clomid buy: buy clomid – clomid 100mg