The Role of Electronic Payment System on the Financial Performance of Financial Institutions in Rwanda
electronic payment, financial performance
The study entitled the role of electronic payment system on the financial performance of financial institutions in Rwanda a case study of Equity Bank Ltd was carried out under the period from 2012 to 2016 Both primary and secondary data were collected from 253 total populations from which a sample of 155 was drawn A questionnaire and interview was used in data collection Data collected was analyzed using descriptive statistics and linear multiple regression analysis and then presented in statistical tables The results show that the factor influencing access to electronic payment was simple application procedures for loan with 33 5 percent This was followed by low collateral requirements with 20 percent Low costs of accessing finance with 20 percent and Low interest rates which had 4 5 percent Guarantee from government with a 22 percent was the least factor that influencing customer s access to electronic payment This shows that all the determinants of electronic payment were considered relevant by respondents in accessing electronic payment system Other role of electronic payment by equity bank ltd is to meet expenditures which accounted for 21 9 percent of the responses It was found that the four independent variables moderately predict the performance of Equity bank ltd that means the model explains 68 6 the variance on the performance of equity bank ltd The results confirm the hypothesis because the linear regression F-test results F 8 741 and 5df are significant at p 0 05 The study conducted a multiple regression analysis so as to determine the regression coefficients which shows that
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