Awareness Creation and Adoption of Point of Sales of Selected Small and Medium Enterprises (SMEs) in Lagos State, Nigeria
American Journal of Applied Scientific Research
Volume 4, Issue 3, September 2018, Pages: 33-40
Received: Oct. 16, 2018; Accepted: Nov. 13, 2018; Published: Dec. 17, 2018
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Authors
Akerejola Williams Olasojumi, Department of Business Administration, Wellspring University, Benin-City, Nigeria
Okpara Eyinna Ugwuchi, Department of Accounting, Wellspring University, Benin-City, Nigeria
Ohikhena Partrick, Department of Business Administration, Wellspring University, Benin-City, Nigeria
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Abstract
Nigerian payment systems are cash-driven and it is the main mode of payments transactions. However, the Point of Sales (POS), which is meant to encourage cashless economy as against the cash-centered operations, is challenged with issues of awareness creation and security. This study examined the awareness creation and adoption of POS of selected SMEs in Lagos state, Nigeria. The study adopted a cross-sectional survey research design. The population of the study consisted of selected SMEs who are users of POS in Lagos State estimated at 11,663 and sample size of 2,059. The respondents were selected from among the SMEs used for this study. A validated questionnaire from the sectors surveyed was used for the study. The sectors include: oil & gas, banking and insurance, and manufacturing. A total of 2,059 copies of the questionnaire were administered, with a response rate of 77.1%. The Cronbach’s alpha coefficients for the constructs are 0.727 for adoption of POS, 0.850 for awareness creation and 0.758 for POS security. The data were analysed using descriptive and inferential (Pearson Product Moment correlation) statistics. The findings revealed that there was a significant relationship between awareness creation and Adoption of POS (r=0.399; p < 0.01) and similar relationship between POS security and Adoption of POS (r = 0.437; p < 0.01). The study concluded that awareness creation had significant and positive relationship with adoption of POS of selected business organisations who are SMEs in Lagos State, Nigeria. The study thus recommended that adequate awareness creation be made so as to educate various stakeholders on the importance of the use of POS to ensure its adoption and assure of security of data transactions and reports generated using POS by the selected organizations in Lagos state, Nigeria.
Keywords
Consumer, Awareness Creation, Adoption of POS, E-payments, POS Security
To cite this article
Akerejola Williams Olasojumi, Okpara Eyinna Ugwuchi, Ohikhena Partrick, Awareness Creation and Adoption of Point of Sales of Selected Small and Medium Enterprises (SMEs) in Lagos State, Nigeria, American Journal of Applied Scientific Research. Vol. 4, No. 3, 2018, pp. 33-40. doi: 10.11648/j.ajasr.20180403.11
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Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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