Journal of Emerging Trends in Economics and Management Sciences: Home

Abstract:
Following efforts at reducing excess cash flow in the economy necessitated the introduction point of sale terminal to the consumers by financial regulatory body in Nigeria; this study investigates the factors influencing the decision to adopt Point of sale terminals by consumers. Using probit model applied to primary data collected from 650 consumers, the study finds that factors such as nativity, security, ease of use, availability, convenience, intention to use, complexity of the technology are among the factors influencing the use of POS terminals. Efforts at improving the security of transactions, availability of the technology and convenience of use is recommended in order to drastically reduce excess cash flow especially in developing economies.

Keywords: point of sale terminals, probit model, consumers, Nigeria

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