The Impact Of Electronic Payments System On Nigeria National Development (a Study Of First Bank Nig, Plc, Nnewi, Anambra State)

CHAPTER ONE INTRODUCTION 1.1 BACKGROUNG OF STUDY       Payment systems have passed through a lot of ages. Prior to the 700bc, shells often were used in trade and barter and also cowries were introduced in Asia Minor. In Nigeria and other African countries, differently objects were used for payments. The objects were in form of cowries, coral beads, ivory, ornaments and bangles; and were used for payments. The early European traders mostly the Portuguese and Spaniards conveniently bought goods with cowries and manila. With the introduction of metal coins and notes in Greece and India between…