IDEAS home Printed from https://ideas.repec.org/a/src/jbsree/v11y2025i4p411-426.html

Exploring the Role of Digital Payment Channels in Mitigating Unemployment

Author

Listed:
  • Adewale, Abass Adekunle
  • Shittu, Saheed Akande
  • Agyemang, Joseph Kwasi

Abstract

Purpose: The study aimed to discusses how digital payment channels will affect unemployment in Nigeria in the period between 2009 and 2024 with reference being placed on mobile payments, web payment, Point of Sales (POS) transactions, and Automated Teller Machines (ATM).Design/Methodology/Approach: Based on the annual secondary data of the Central Bank of Nigeria (CBN) and World Development Indicators (WDI), the research will use Elastic Net regression and the Granger causality tests to determine the relationship between digital financial inclusion and employment outcomes.Findings: The results identify that mobile payments and web payments greatly minimize unemployment and show that POS and ATM payments have the potential of encouraging job creation as well as that the transactions may lead to temporary rise in unemployment as a result of automation overburdening labor. The outcomes of Granger causality indicate that these digital channels can forecast the time changes in unemployment.Implications/Originality/Value: The research notes that the issue of digital financial inclusion is pivotal in determining the dynamics in the labor market in Nigeria and suggests policies that increase access to mobile and web-based payment systems, improve digital literacy, and limit the effects of automated banking interfaces on employment.

Suggested Citation

  • Adewale, Abass Adekunle & Shittu, Saheed Akande & Agyemang, Joseph Kwasi, 2025. "Exploring the Role of Digital Payment Channels in Mitigating Unemployment," Journal of Business and Social Review in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 11(4), pages 411-426, September.
    • Handle: RePEc:src:jbsree:v:11:y:2025:i:4:p:411-426
    DOI: http://doi.org/10.26710/jbsee.v11i3.3507
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/3507/1935
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/jbsee.v11i3.3507?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:src:jbsree:v:11:y:2025:i:4:p:411-426. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Ghulam Shabir (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.