African Research Review

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ATM Technology and Banking System in West African Sub-Region: Prospects and Challenges

GN Odachi


Automated Teller Machine (ATM) technology has had its significant impact
in banking system in Nigeria and some other West African Countries. The
most significant impact of ATM technology is the customer’s ability to
withdraw money outside banking hours. But this feat achieved by ATM
technology is not without challenges. ATM technology is prone to fraud, and
this has made many people shun its use. In view of the above, this paper
explores the prospects and challenges of ATM application in banking in West
African sub region and how the challenges posed by its use can be removed
or minimized.

Keywords: ATM, Technology, Prospects and Challenges.
AJOL African Journals Online