e-business: why full adoption of e-payment tools fails

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*Lack of connectivity, low banking, unfavorable regulations fingered

The growing acceptance of digital lifestyle appears to make more Nigerians increasingly addicted to e-business.

The implication is that the prospects of cash transactions is fast shrinking, giving way to electronic payment system.

However, if opinions of major stakeholders in the e-business sector  are anything to go by, there are still pockets of challenges trying to play down the impacts e-payment has made.

Some of the operators in the payment and financial institutions who spoke to Hi-Tech, outlined some of those challenges facing online mobile transactions to include poor connectivity, low banking culture in some parts of the country, unfavorable regulations and poor funding , among others.

Some of these challenges, according to them, have made it impossible for automated teller machine, ATM, point of sale,…



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