Financial technologies’ evolution and traditional banking: A study of retail payments in Nigeria

Abstract The world of digitalisation is impacting on all aspects socioeconomic life. This notable change also applies to the financial sector global economy. activities and services technology (FINTECH) overlap with that traditional banking services. study seeks investigate impact FINTECH evolution institutions picture future payment systems in Nigeria. Two methods data analysis were used study. An econometric method was conceptualise findings Results from test hypotheses reveal affects banking. In conclusion, present FINTECHs Nigerian system seem be slow but are positioned provide better services, especially than recommends regulators Nigeria should incorporate policies into retail would ensure full application. Keywords: Financial technologies, generalised linear method, theory, banking, payments;