Determinants of e-Naira use intention among undergraduate students in Nigerian tertiary institutions

Abstract

This paper examines the factors that influence undergraduate students’ intention to use e-Naira digital wallet in Nigeria. These factors are: awareness, perceived usefulness, personal innovativeness, and social influence. Survey research design was used in collecting data from the students across all tertiary institutions in Nigeria via online platforms. Purposive sampling was used in selecting students with prior experience in private e-wallets usage introduced by fintech companies in Nigeria. One Hundred and One responses were received and 93 were used for the analysis. Descriptive statistics and multiple regression analysis were used in describing the characteristics of the respondents and hypotheses testing respectively. The findings of this study found that perceived usefulness and social influence have significant influence on e-Naira intention to use by undergraduate students in Nigerian tertiary institutions. However, in contrary, the study found that awareness and personal innovativeness do not influence e-Naira digital currency use intention. Therefore, the study recommends government to institute a strong orientation campaign on how existing users of private ewallets should encourage their family and friends on the benefits of adopting e-Naira digital currency in their daily financial transactions.