Abstract

This paper provides a background understanding of the factors capable of influencing the adoption and extent of use of e-payment systems in Nigeria. It was argued that the adoption and intensive use of e-payment systems in Nigeria will not only be of great benefits to the individual adopter, but will in addition enhance Nigeria's ability to massively participate in the global internet business and by implication enhance her economic growth and global competitiveness. Through government's action, one can deduce that Nigeria is ready to stimulate its economic growth through the instrumentality of improved EPS infrastructure. Since 2012 when the cashless policy began, a lot has happened that require this kind of research given the statistics being put in the public domain by government institutions (the Central Bank of Nigeria and the Bureau of Statistics) and the various commercial Banks. Based on earlier studies and reports on Nigeria, the e-payment systems adoption has been dominated by the larger organisations and recently individuals rather than the SMEs.