Rise in E-payment Channels and the Response of Bank Credit to the Private Sector: A VAR Evidence from Nigeria

The upsurge in the use of e-payment channels has shaped the activities in the banking sector in diverse ways, and as such has motivated a plethora of research interests. To join the ongoing debate, this study examined the response of credit to the private sector to the rise in the use of e-payment channels in Nigeria. The study used monthly series that covered the period from 2012M12 to 2022M12 under the VAR framework. Findings of the study revealed that credit to the private sector responded positively to shocks in both electronic bills payment and Point of Sale in all the