Our Archives

Call 08068929770 or 08122972656 for any enquiries.

Project Topic:

IMPACT OF POS BANKING ON CHURCHES ( A CASE STUDY OF HOUSE ON THE ROCK CHURCH, UYO)

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 64 ::   Attributes: Questionnaire, Data Analysis ::   2,221 people found this useful

Project Body:

CHAPTER ONE

INTRODUCTION

  1. BACKGROUND TO THE STUDY

The church and the modern technologies seem to be ever more connected as we move further into the twenty-first century” (Hoover 2006). This assertion clearly defines the link between religious belief and the new information and communication technologies which are the most defining media instruments of the twenty-first century. ICT driven technologies can be applied in virtually all areas of the church activities including the payment system (Ovia, 2005). However, different types of payment are done by members in the church. Examples of common payments done during church service includes tithe, general offering, special offering, thanksgiving, harvest, covenant offering, offering for the less privileged/needy, building construction donations etc.

The role and importance of efficient payment systems has been closely monitored and promoted by monetary authorities in all countries. However, the Nigerian payment system that is cash-driven cannot and has not guaranteed the much needed efficient and effective transactions required for a sustainable economic development. Among the problems often associated with cash transactions are armed robberies, use of counterfeit bank notes, frauds, inconveniences of carrying large quantities of currency notes, long period of waiting in bank halls, frequent trips to banks, frequent printing of bank notes (Nnanna and Ajayi, 2005). However, churches in Nigeria are beginning to key in into this cashless system of payment byincorporating modern and cashless method of payment especially the use of PoS.

Point-of-sale (PoS) systems have always been around in many forms for a number of years now. Many businesses use these systems not only to accept payment, but to provide other operational information such as accounting, sales tracking, and inventory management. Thus far, this system has gone a long way in improving customer’s experience through customer loyalty programs and suggestions in businesses (Ojo, 2004). Nowadays, the use of POS system is not only available in business set ups but also in churches which have gone a long way in impacting churches.Though for a number of reasons in Nigeria, there has been various arguments and criticismsamong Christians that the use of POSsystem in church is ungodly and this has been one of the major challenges faced by the use of this system in Nigerian churches.

Some church executives in Nigeria has come to say that the banks offered it to the church and since the world was going digital, the members should try and also fit in. They also say it would ease the stress of looking for change every Sunday and for those who forget to bring money to church. So all that is needed to be done is when you get to church is to use your ATM card at the designated points, and collect your receipts! It’s these receipts that you present at the altar as offering to promote efficient and accountability.

  1. STATEMENT OF PROBLEM

Reliance on cash based system of donation and offering in churches has however been found to be risky and cumbersome because money outside the banks cannot be subjected to regulatory and operational procedures, and the ability of monetary policy to achieve set objectives in the presence of sizeable currency out of Bank (COB) is therefore limited. Hence, many churches make use of POS for offering and donation collection from members to prevent the risks involved in carrying cash about. This cash carrying character of Nigerians is also responsible for large pool of money in the hands of the unbanked citizens. No research has been carried on the impact of POS on churches. However, the researcher is examining the impact of POS on churches.

  1. OBJECTIVES OF STUDY

The following are the objectives of this study:

  1. To examine the impact of POS on churches.
  2. To examine the existing payment method/system in churches.
  3. To examine the limitations of POS on church payment system
    1. RESEARCH QUESTIONS

1.     What is the impact of POS on churches?

  1. What are the existing payment methods/systems in churches?
  2. What are the limitations of POS on church payment system?

1.5 RESEARCH HYPOTHESIS

H0: the use of POS in churches does not promote efficiency and accountability

H1: the use of POS in churches promotes efficiency and accountability

1.5   SIGNIFICANCE OF STUDY

The following are the significance of this study:

  1. Findings from this study will educate church authorities and executives and the general public in Nigeria on how they can key in to the CBN cashless policy to promote efficiency in the churches.
  2. This research will also serve as a resource base to other scholars and researchers interested in carrying out further research in this field subsequently, if applied will go to an extent to provide new explanation to the topic.

1.6   SCOPE/LIMITATIONS OF STUDY

This study will cover the existing payment structures in churches with comparison to the modern payment system of POS considering the benefits of POS in the collection of offering and donations in churches.

Limitations of study

  1. Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
  2. Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

 

 

 

REFERENCES

Nnanna OJ, Ajayi M (2005), “An overview of the payments system in Nigeria.” Publication of Central Bankof Nigeria 2(1):1-7.

Ojo A.T. (2004). “Enhancing the efficiency of the payment system: conceptual framework,” A Paper Presented at the 9th C.B.N. Monetary Policy Forum.

Hoover M (2006). Factors Influencing the Adoption of Internet Banking,” J. Assoc. Inform. Syst. 1:1-42.

Ovia J (2005). “Enhancing the efficiency of the Nigerian payments system.”Central Bank of Nigeria. 29 (1): 8-20.

 

 

 


Get The Complete Project »

Project Department:

MORE THEOLOGY FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED THEOLOGY FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

THE LANGUAGE OF CHRISTIAN RELIGION: A COMPARATIVE STUDY OF ROMAN CATHOLIC CHURCH AND SOME SELECTED PENTECOSTAL DENOMINATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 50 ::   Attributes: Questionnaire, Data Analysis  ::   3127 engagements

ABSTRACT This study is an examination of the language of Christian religion with particular reference to the Roman Catholic Church and Pentecostal denominations. Chapter one embodies the introductio...Continue reading »

YOUTH LIFE STYLE AND CHURCH GROWTH

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis  ::   4246 engagements

Background of the study Church Growth is a movement within evangelical Christianity which focuses on developing methods to grow churches based on business marketing strategies.It cannot be disputed th...Continue reading »

YOUTH LIFE STYLE AND CHURCH GROWTH

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 56 ::   Attributes: Questionnaire, Data Analysis

CHAPTER ONE INTRODUCTION Background of the study Church Growth is a movement within evangelical Christianity which focuses on developing methods to grow churches based on business marketing strategi...Continue reading »

APOSTASY AND CHURCH GROWTH

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 56 ::   Attributes: Questionnaire, Data Analysis  ::   2681 engagements

CHAPTER ONE INTRODUCTION 1.1 Background of the Study The church of Christ in this era has mainly been instituted on the sermons of a prosperity gospel, that has caused her apostate condition. Tod...Continue reading »

THE BIBLICAL EXAMINATION OF FACTORS RESPONSIBLE FOR DIVISIONS IN THE CHURCHES (A CASE STUDY OF MINNA DISTRIC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis  ::   3734 engagements

ABSTRACT The main aim of the research is to determine if the difference in belief is the major cause of church division, the study made use of primary data from the information obtained from the dist...Continue reading »

THE ROLE OF THE CHURCH IN ENSURING PEACE AND HARMONY IN THE SOCIETY

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 56 ::   Attributes: Questionnaire, Data Analysis  ::   4022 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The Christian tradition has made significant contributions to world peace at a number of different levels (Albert, 2011). Among these are publ...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good
  • 2. Grace Madu from IMT enugu said "Thank you so much; i will tell my friends about you guys!!! Please give them a good job just like mine!!! God bless you!!!".
    Rating: Excellent
  • 3. Favour Adeoti from Unimaid said "For the good deeds and help to students like me, may God almighty continue to bless u and empower you to do more. Thank u very much...".
    Rating: Excellent
  • 4. Saddiq Abubakar Shuaibu from ESAE BENIN UNIVERSITY said "I check your site because I want you to help do this project thank you".
    Rating: Excellent
  • 5. Temitope Olumide from UAM makurdi said "I can not believe i could trust online platforms but you prove to me that there are still some good people out there. Thank you Mr Donald".
    Rating: Excellent
  • 6. Topeola Atinuke from the bells said "hmmmm, not sure yet about all dis comment still working on dem yet....tank u".
    Rating: Average

Paper Information

Format:MS WORD
Chapter:1-5
Pages:64
Attribute:Questionnaire, Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives