Impacts of Financial Innovations on Financial Performance Evidence of Electronic Banking in Africa

The study examined the impacts of financial innovation on banks profitability performance by means of electronic banking services in Africa from the period of 2015-2018. The study employed the dynamic panel data method and GMM estimations via a panel data regression model. The findings revealed that there is a strong persistence in a reliable manner for both ROA and ROE. The results further show that, positively, bank cards and ATM affect banks financial performances with the exception of POS terminal and internet banking. More importantly, the profitability of most African developing countries affected the percentage number of ATMs to the number of branches and is highly important. Certain policies were discussed