The nexus between electronic payment system and entrepreneurial activities in rural areas of Ogun State, Nigeria


  • Michael Ogunmuyiwa Olabisi Onabanjo University
  • Olasunkanmi Amida Department of Business Administration, Olabisi Onabanjo University.


Słowa kluczowe:

ATM, electronic payment, entrepreneurial activities, mobile banking POS, rural areas


Electronic payment systems have become the new channels for financial transactions driving business operations globally. However, the extent to which electronic payment systems influence entrepreneurial activities in rural areas is still a major concern for development analysts. Hence, the purpose of the paper is to examine the impact of electronic payment systems on entrepreneurial activities in rural areas of Ogun State, Nigeria. Survey research design method was employed in the study. Three hundred and eighty-five (385) respondents who are owners of micro and small enterprises were sampled. Purposive sampling technique was employed to administer the questionnaire to the respondents. The data were analysed using the Ordinary Least Square (OLS) regression technique. The findings revealed that electronic payment system via automated teller machine (β = .148; t = 2.587; P = .010), point of sales systems (β = .173; t = 3.461; P =.000) and mobile banking (β = .170; t = 2.949; P = .003) significantly drive entrepreneurial activities in rural areas. The findings further establish that point of sales system is the most significant measure of electronic payment system driving entrepreneurial activities in rural areas. The study recommends that micro and small enterprises’ owners should leverage more on the point of sales system in driving their activities while also taking advantage of automated teller machines and mobile banking platforms.

Biogramy autorów

Michael Ogunmuyiwa - Olabisi Onabanjo University

Michael Segun Ogunmuyiwa, PhD, is the Corresponding author and a Senior Lecturer in the Department of Business Administration, Faculty of Administration and Management Sciences at the Olabisi Onabanjo University, Ago-Iwoye, Ogun State. Nigeria. The research interest includes Marketing, Entrepreneurship and Small Business Finance.

Olasunkanmi Amida - Department of Business Administration, Olabisi Onabanjo University.

Olasunkanmi Akeem Amida, PhD candidate in the Department of Business Administration, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State. Nigeria. The research interest includes Marketing and Entrepreneurship.


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Jak cytować

Ogunmuyiwa, M., & Amida, O. (2022). The nexus between electronic payment system and entrepreneurial activities in rural areas of Ogun State, Nigeria. Przedsiębiorczość - Edukacja, 18(1), 51–63.