Fintech Payment Systems and Export Performance in Nigeria

This study empirically examined fintech payment systems and export performance in Nigeria between 2012Q1 and 2024Q4. The study proxied export performance by total export value while the proxies of fintech payment systems are web-based payment, point of sale, mobile payment and NIBSS instant payment. The study made use of quarterly data which were sourced from Central Bank of Nigeria (CBN) statistical bulletin and adopted the technique of Autoregressive Distributed Lag model (ARDL). The major findings showed that, web-based payment has a positive and non-significant impact on total export value in Nigeria, point of sale (POS) has positive and significant impact on total export value in Nigeria, mobile payment has a positive and significant impact on total export value in Nigeria while NIBSS instant payment also has a positive and significant impact on total export value in Nigeria. Based on the findings, the study concluded that, fintech payment systems play a significant positive role in improving export performance in Nigeria. It was recommended among others that, policymakers should invest in upgrading digital payment platforms, reducing transaction delays, and enhancing cyber-security. Improving trust, speed, and stability in web-based payment systems will encourage exporters to adopt them more widely, thereby increasing their contribution to export growth.