Preview

Challenges of E Banking in Zambia

Satisfactory Essays
Open Document
Open Document
266 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Challenges of E Banking in Zambia
Form No: ……1…

Surname Other Names

SIN Programme

E-Mail: Phone

Submit 2 proposal forms, in different subject areas to the Course Lecturer

General Subject Area

Proposed Project Title

Brief description of the context and significance

Project Aim

Research Question

Project Objectives

Project Scope

-----------------------
1

0977639376

BANKING AND FINANCE

OBED

08104046

KAPESA

kapesaobed@yahoo.com

MONETARY AND FINANCIAL SYSTEMS

Assessing the efficiency of the national payment system in Zambia with regard to E-banking

E-banking in Zambia comes in the wake of the enactment of the national Payment Systems act. The topic under review provides an in depth perspective on the general National Payment Systems with an emphasis on the emergency of Electronic Banking as one other means of payment.

The aim of this project is to assess how E-banking is helping in facilitating the accomplishment of the national payment system objectives.

How efficient has the national payment system in Zambia been with the introduction of E-banking?

➢ Determine how effective the national payments system has performed with the introduction of E-banking.

➢ Provide an overview of how E- banking in Zambia is enhancing the provision of a secure, efficient and effective mechanism for the exchange of money between transacting parties.

➢ What improvements can be made to E-banking to enhance the NPS objectives.

This study will focus on how effective the national payments system has been with the enhancement of electronic banking usage in Zambia. The study will further seek to find ways in which the national payment system can sensitize the population to embrace electronic payment systems for their various
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Technology Innovations in Afghanistan - Summary
    • 803 Words
    • 4 Pages

    Technology Innovations in Afghanistan - Summary

    In 2002, fewer than 200,000 people in Afghanistan had access to telephones. Today some 15 million Afghans use mobile phones and a full 85% of the population lives within the combined network coverage of the four major telecommunications. The technological leap connects Afghans to each other and to the economy in ways that were unimaginable in just in few years ago. And the mobile phones open up a world of possibilities for finding solutions to some of challenges that Afghanistan face every day. One important use that is quickly becoming reality is the creation of nationwide mobile financial services sector. Using mobile phones to transfer money safely and instantly reducing the need for cash and giving millions of Afghan who may never see the inside of the banks the ability to use handsets to conduct basic financial transactions. The possible applications for mobile money in Afghanistan are limited only by our imaginations.…

    • 803 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Hsbc vs Lloyds
    • 931 Words
    • 4 Pages

    Hsbc vs Lloyds

    E-banking has become essential for banks in the last several years, mostly in developed countries. With the introduction of online banking, banks have been able to reach millions of customer’s that are not even in their geographical area and bring them a quick & easy way to check their statements, balances, view recent transactions and many more facilities that were not possible to do before, unless they went to the branch of their local bank. With this introduction, it brings the customer lots of advantages as opposed to before the launch of e banking, but with the advantages alongside indeed brings disadvantages.…

    • 931 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Segmentation of Budweiser
    • 2053 Words
    • 9 Pages

    Segmentation of Budweiser

    The use, acceptance, adoption and application of internet technology to businesses to boast their performances are not something new. Saffu et al., (2008), states that there has been a significant increase in the use and application of e-commerce in businesses in the past decade. E-commerce has benefits such as reduction in costs, increased business opportunities, reduced lead time and providing more personalized service to the customers (Turban et al., 2008). Internet banking or e-banking is one of the many tools of e-commerce adopted by the banking industry. Tools of information technology such as internet banking have significantly improved the quality of services offered by the banking industry and/or financial institutions (Dawes and Rowley, 1998). Currently, there are thousands and thousands of e-banking web sites all over the world. Botswana is a developing country, located in the southern part of Africa. She has a population of just about 2 million. Being a developing country, internet technology has not been quite a thing for the citizens. Majority of people who get to use the internet are those in tertiary schools, work places and government departments, since they can get to use internet there. “In October 30th 2008, Botswana completed the multi-million pula Trans-Kalahari fibre-optic project, covering approximately 2000 kilometres. The project is expected to act as a catalyst to the growing ICT industry in the country.” (Botswana Guardian., 2008)…

    • 2053 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The Pros and Cons of a Monetary Union, the Possibility of Anglophone West African States to Achieve a Monetary Union and the Level of Preparedness of Anglophone West African States to Meet the Convergence Criteria Essay Example
    • 1407 Words
    • 6 Pages

    The Pros and Cons of a Monetary Union, the Possibility of Anglophone West African States to Achieve a Monetary Union and the Level of Preparedness of Anglophone West African States to Meet the Convergence Criteria Essay Example

    Banks in Ghana, financial institutions and the Ghana Stock exchange market would have to change their financial systems. Retail banks would also have to change their automated teller machines (ATM). (BBC, 1999)…

    • 1407 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Credit Card and E-cash
    • 478 Words
    • 2 Pages

    Credit Card and E-cash

    The benefits of e-cash in less-developed countries can be analyzed in two sections: Benefits for the consumer and benefits for the merchants.…

    • 478 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Technological Advancement
    • 1004 Words
    • 5 Pages

    Technological Advancement

    This essay will attempt to delve into the consequences of technological advancement and the subsequent measures taken to balance them.Electronic Funds Transfer Act, 1978According to "Debt.org" ” The Electronic Fund Transfer Act (EFTA) is a federal law enacted in 1978 to protect consumers when they use electronic means to manage their finances” (Electronic Fund Transfer Act). Electronic fund transfers or EFTs can include any electronic transaction that immediately withdraws money from a consumers’ account. When looking back at a time before electronic banking, it seems amazing that consumers waited patiently in endless lines, filled out tedious paperwork for everything from making a deposit to transferring funds from savings to checking. Over the years, not only has the technology evolved, the consumer has evolved, in part because of the Electronic Funds Act. With the convenience of electronic banking, came the weakness of faceless interactions.In the infancy of electronic banking, consumers were understandably hesitant to relinquish the one-on-one privacy of banking in person. Even ATMs were not the common language they are today. What if something went wrong with the machine or someone gained access to his or her account? It was natural for consumers to become even more uneasy at the thought of accessing their accounts online or paying a bill through an automatic debit. With the emergence of hackers in the early days of the Internet, there was food for fodder. How safe was online or phone banking? The Electronic Funds Transfer Act offers protection over such actions as ATM usage, direct deposit, Pay-by-Phone, online banking, debit card and electronic check conversions ("Debt.org"). It also offers the consumer guaranteed information from banking institutions that protect the consumer from unauthorized use of account information in…

    • 1004 Words
    • 5 Pages
    Good Essays
    Read More
  • Best Essays

    Electronic Payment Methods
    • 2308 Words
    • 10 Pages

    Electronic Payment Methods

    Based on different countries, people prefer different forms of electronic payment system. The market has been built from traditional financial intermediaries, which offer conventional electronic payment services. In 2003, 94.1 percent of all worldwide e-commerce transactions were conducted using credit cards. Even today, credits cards are very popular form of online payment all over the world, especially for the developed and fastest developing countries.…

    • 2308 Words
    • 10 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    corporate strategy as a survival tool for organizational growth
    • 8142 Words
    • 33 Pages

    corporate strategy as a survival tool for organizational growth

    Bibliography: Adegbite S. (1994), Electronic Banking in Nigeria: The Nigeria Banker, vol. 4, no. 1, 1994.…

    • 8142 Words
    • 33 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    E-Banking System in Bangladesh
    • 6061 Words
    • 25 Pages

    E-Banking System in Bangladesh

    I, Deboprio Kumar Baidya, student of Leading University, Sylhet, solemnly affirm and hereby declare that the report titled “E-Banking in Bangladesh: A study on Southeast Bank Limited” submitted in partial fulfillment of the requirements for the course Management Information System of Masters of Business Administration of Leading University, Sylhet, is my original work, under the extensive Instruction and guidance of Mr. Md. Rahimullah Miah Lecturer, Department of Business Administration, Leading university, Sylhet.…

    • 6061 Words
    • 25 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    E-Banking in the Selected Private Commercial Banks: an Evaluation.
    • 5887 Words
    • 24 Pages

    E-Banking in the Selected Private Commercial Banks: an Evaluation.

    Mia, Rahman and Uddin, (2007), E-banking: Evolution, Status and Prospects, the Cost and Management, Vol.35, No.1, January-February 2007, PP. 36-48.…

    • 5887 Words
    • 24 Pages
    Powerful Essays
    Read More
  • Good Essays

    If Si 55 Is Not a Indirect Passage for Forex Controls
    • 1054 Words
    • 5 Pages

    If Si 55 Is Not a Indirect Passage for Forex Controls

    References: 1. Transcript, Government Of Zambia, Statutory Instrument No.32 Of 2013, The Bank Of Zambia Act, Laws Volume 20, Cap.360…

    • 1054 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Marketing Mobile Money in Nigeria: the Critical Success Factors
    • 1206 Words
    • 5 Pages

    Marketing Mobile Money in Nigeria: the Critical Success Factors

    The best model yet of a mobile money platform in Africa and the world over, has been Kenya’s M-PESA. Launched in March 2007 by Safaricom, an affiliate of Vodafone, M-PESA’s subscriber base had reached 6.5 million by May 2009 with 2 million daily transactions. In 2010, with over 700 million domestic and international money transfer transactions, M-PESA accounted for $130 million in revenues. Presently, it boasts of over 20 million subscribers and processes mobile banking transactions for over 70% of the country’s adult population of 14 million. For a more populous nation as Nigeria, therefore, the potentials for financial transactions through the integration of financial services with mobile telephony are vast.…

    • 1206 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    situation analysis
    • 3975 Words
    • 16 Pages

    situation analysis

    This report concludes the first phase of the National Payment System (NPS) modernisation project --situational stocktaking—- which took about a year and involved banks, users, regulators, providers and most parties with a stake in the country’s payment systems. It was carried out through literature reviews, research, study tours, interviews, surveys and workshops. The findings of this phase will form the base for the work to be undertaken in subsequent phases of this project.…

    • 3975 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Good Essays

    traditiona banking vs modern banking
    • 1391 Words
    • 6 Pages

    traditiona banking vs modern banking

    Also the reports examines electronic banking, its scope, benefits to customers and banks, challenges of electronic banking to banks, how does the central bank mitigate risks associated with electronic banking and the context of electronic banking in Azania Bank and Tanzania in general.…

    • 1391 Words
    • 6 Pages
    Good Essays
    Read More
  • Good Essays

    Implications of New Technologies on Modern Organizations
    • 942 Words
    • 4 Pages

    Implications of New Technologies on Modern Organizations

    Hughes, N., Lonie S., 2007 M-PESA: Mobile Money for the “Unbanked” Turning Cellphones into 24-Hour Tellers in Kenya Winter/Spring 2007, Vol. 2, No. 1-2, Pages 63-81 Posted Online June 12, 2007. (doi:10.1162/itgg.2007.2.1-2.63) © 2007 Tagore LLC…

    • 942 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics