ADOPTABILITY OF WALLET TRANSACTION ON PROFITABILITY AMONG SMALL AND MEDIUM ENTERPRISE IN NORTHWEST, NIGERIA

ABSTRACT The exchanging of goods and services has taken place using a variety of methods and mediums in human history. Many of these methods and mediums are often tangible, such as metal coins or paper money. Without a doubt, the global financial community is embracing the latest technological transformation from real currency to almost abstract currencies. Wallet transaction was born as a result of this surge. The study majorly investigates the assessment the impact of Wallet transaction on non financial performance in Nigeria informal sector. Other discrete objectives include; To study prevalence of the use of wallet transaction among SMEs in Northwest and To determine the importance of the use of wallet transaction among SMEs in Northwest The primary method of collecting data is to be employed. Probability sampling technique were considered as a best method for this study. respondents with basic knowledge of Wallet transaction was consider as population of this study. The study revealed that there is strong positive relationship between wallet transaction and profitability among small and medium enterprise in northwest. The study recommended Nigeria via the CBN— should formally recognize wallet transaction as a legitimate means of transactions in financial institutions. This is so because with or without the acceptance of financial institutions, wallet transaction are here to stay. Thus, it is better if they are accepted, as that would create a semblance of official control when dealing in them.