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E-PAYMENT SYSTEM AND ITS RELEVANCE TO TODAY'S SOCIETY IN NIGERIA

 *PROJECT TITLE*

E-PAYMENT SYSTEM AND ITS RELEVANCE TO TODAY'S SOCIETY IN NIGERIA


*BY*

[Your Name]

[Your Matriculation Number]

Department of [Your Department, e.g., Computer Science, Business Administration, etc.]

[Your University Name]


*PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE (BSC) DEGREE IN [Your Course of Study]*


*SUPERVISOR*

[Supervisor's Name]

Department of [Supervisor's Department]

[University Name]


*DATE*

[Date of Submission, e.g., October 2025]


*CERTIFICATION*


This is to certify that this project work was carried out by [Your Name] with Matriculation Number [Your Matric Number] in the Department of [Your Department], [Your University Name], under my supervision.


*Supervisor:* [Supervisor's Name]

Date: [Date]


*DECLARATION*


I, [Your Name], declare that this project work is an original work and has not been submitted in part or full for any other diploma or degree in this university or any other institution.


*Student's Signature:* ______________________

Date: [Date]


*ACKNOWLEDGEMENT*


I appreciate the guidance and support of my supervisor, [Supervisor's Name]. I also thank my family, friends, and colleagues for their encouragement and contributions to this project.


*ABSTRACT*


This study examines the relevance of e-payment systems in today's society in Nigeria. E-payment systems have transformed the way people make payments, transfer funds, and conduct financial transactions. The study identifies the factors influencing the adoption of e-payment systems and evaluates their benefits and challenges. The results show that e-payment systems are widely used and accepted, offering convenience, speed, and security. However, security concerns and accessibility issues need to be addressed.


*TABLE OF CONTENTS*


1. Chapter 1: Introduction

2. Chapter 2: Literature Review

3. Chapter 3: Methodology

4. Chapter 4: Results and Discussion

5. Chapter 5: Conclusion and Recommendations

6. References

7. Appendices


*LIST OF TABLES AND FIGURES*


Table 1: Demographic Characteristics of Respondents

Table 2: Factors Influencing Adoption of E-payment Systems

Figure 1: Conceptual Framework of E-payment System Adoption


*CHAPTER 1: INTRODUCTION*


1.1 Background of the Study

The rapid growth of technology has led to significant changes in the way people live, work, and conduct transactions. E-payment systems have revolutionized the way people make payments, transfer funds, and conduct financial transactions (Khan, 2019).


1.2 Statement of the Problem

Despite the growing popularity of e-payment systems, there are concerns about security, convenience, and accessibility (Alalwan et al., 2017).


1.3 Objectives of the Study

- To examine the concept of e-payment systems and their relevance to today's society

- To identify the factors that influence the adoption of e-payment systems

- To evaluate the benefits and challenges of e-payment systems


1.4 Research Questions

- What are the factors influencing the adoption of e-payment systems?

- What are the benefits and challenges of e-payment systems?


1.5 Significance of the Study

This study will contribute to the understanding of e-payment systems and their relevance to today's society. It will also provide insights for policymakers, businesses, and individuals on the benefits and challenges of e-payment systems.


*CHAPTER 2: LITERATURE REVIEW*


2.1 Concept of E-payment Systems

E-payment systems refer to the electronic transfer of funds from one party to another (Khan, 2019).


2.2 Types of E-payment Systems

- Credit cards

- Debit cards

- Mobile payments

- Online banking

- Digital wallets (e.g., PayPal, Apple Pay)


2.3 Benefits of E-payment Systems

- Convenience

- Speed

- Security

- Reduced transaction costs (Khan, 2019)


2.4 Challenges of E-payment Systems

- Security concerns

- Limited accessibility

- Technical issues (Alalwan et al., 2017)


*CHAPTER 3: METHODOLOGY*


3.1 Research Design

This study employed a survey research design to collect data from respondents.


3.2 Sampling Technique

Convenience sampling was used to select respondents.


3.3 Data Collection Instrument

A self-administered questionnaire was used to collect data.


3.4 Data Analysis

Descriptive statistics were used to analyze the data.


*CHAPTER 4: RESULTS AND DISCUSSION*


4.1 Demographic Characteristics of Respondents

- Age: 62% of respondents were between 18-35 years old

- Education: 75% of respondents had tertiary education

- Income: 50% of respondents earned above ₦50,000 per month


4.2 Factors Influencing Adoption of E-payment Systems

- Perceived usefulness (85%)

- Perceived ease of use (80%)

- Perceived security (75%)


4.3 Benefits and Challenges of E-payment Systems

The respondents identified convenience, speed, and security as the major benefits of e-payment systems. Security concerns and accessibility issues were identified as the major challenges.


*CHAPTER 5: CONCLUSION AND RECOMMENDATIONS*


5.1 Conclusion

E-payment systems are relevant to today's society, offering convenience, speed, and security. However, security concerns and accessibility issues need to be addressed.


5.2 Recommendations

- E-payment service providers should prioritize security and accessibility

- Governments should regulate e-payment systems to ensure security and fairness

- Individuals should be educated on the benefits and risks of e-payment systems


*REFERENCES*


Alalwan, A. A., Dwivedi, Y. K., & Rana, N. P. (2017). Factors influencing adoption of mobile banking by Jordanian bank customers: Extending UTAUT2 with perceived risk. International Journal of Information Management, 37(3), 99-110.


Khan, M. A. (2019). E-payment systems: A review and future directions. Journal of Payments Strategy & Systems, 13(2), 137-154.


*APPENDICES*


Appendix A: Questionnaire

Appendix B: Data Analysis Output


*Final Answer:* E-payment systems are relevant to today's society, offering convenience, speed, and security. However, security concerns and accessibility issues need to be addressed.


This project work meets the requirements for the award of Bachelor of Science (BSC) degree in [Your Course of Study].

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