IJLTEMASInternational Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS)IJLTEMAS2278-2540IJLTEMAS46010.51583/IJLTEMAS.2026.150900111Business Management and EntrepreneurshipFinancial Technologies and Efficiency of Small-Scale Enterprises in Ebonyi State, NigeriaF.E.Oguejiofor,
Department of Business Management & Entrepreneurship, Faculty of Management Sciences, Ebonyi State University, Abakaliki NigeriaU.L.Nwachukwu,
Department of Business Management & Entrepreneurship, Faculty of Management Sciences, Ebonyi State University, Abakaliki NigeriaA.A.Udu,
Department of Business Management & Entrepreneurship, Faculty of Management Sciences, Ebonyi State University, Abakaliki Nigeria15924132424280920260310202619102026FinTech; Bank Transfer; M-Banking; Small-Scale Enterprises; Efficiency.Abstract
The study examined the impact of financial technologies on the efficiency of small-scale enterprises (SSEs) in Ebonyi State. The specific objectives were to examine the impact of bank transfers and mobile banking on cost minimization and speed transaction of small-scale enterprises in Ebonyi State. Survey research design was adopted, the population of the study was 384 respondents from small-scale enterprises in Ebonyi state. Data were analysed using regression analysis with the aid of the SPSS. Findings revealed that there is a high positive impact of bank transfer and mobile banking on cost minimization and speed transaction of small-scale enterprises in Ebonyi state. Therefore, the study recommended that small-scale enterprise owners should make greater use of bank transfer and mobile banking services for business transactions because they provide a relatively fast, convenient and traceable means of making and receiving payments.
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