PAYMENT SYSTEM

This research work deals with the Impacts of Payment System on Small and Medium Enterprises in Nigeria over the period of 1990-2020.The introductory aspect of the project talks about the background of the study and the analysis of the payment system on small and medium enterprises. Also the statements of the problem of a successful payment system are well explained. This study also attempted to provide an answer to the question raised under the problem the problem statement. It also talked about the objective of the study which is to test empirically the payment system as an important variable and more so of its impact on small and medium enterprises. The literature review talks about the opinion of various authors, that’s what their view is about payment system. Their view are based on the terminologies of payment system, the conceptual and theoretical framework in payment system were analyzed and the review of empirical studies. The essence of the Chapter Three is to provide information on the research method, which is the model specification, sources of data and estimation techniques as well as the justification for the choice of the estimation techniques, used in the analysis and presentation of the information and data collected. Chapter Four centers on data presentation, analysis, and interpretation of results. The objective of the analysis is to provide a detailed description on the empirical investigation of the relationship between Total Volume of Mobile Money transactions (VLMOB), Total Volume of ATM transactions (VLATM), Total Volume of POS transactions (VLPOS), Total Volume of WEB transactions (VLWEB), Commercial Banks Loans to Small Scale Enterprises (CBSME).The concluding aspect of this project is that best management cannot turn around ailing small and medium enterprises without a payment system: likewise small and medium scale enterprises cannot operate with unreliable payment system