Thesis Abstract

Abstract
The rapid evolution of digital payment systems has revolutionized the traditional banking sector, leading to significant changes in how financial transactions are conducted and services are delivered. This thesis explores the impact of digital payment systems on traditional banking services, focusing on the challenges and opportunities presented by this technological shift. The research methodology employed a combination of qualitative and quantitative approaches to analyze data obtained from a sample of banking customers and industry experts. Chapter One provides an introduction to the research topic, including the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of key terms. Chapter Two presents a comprehensive literature review comprising ten key areas related to digital payment systems and their impact on traditional banking services. The review covers topics such as the evolution of digital payments, customer adoption trends, regulatory frameworks, security concerns, and the competitive landscape. Chapter Three outlines the research methodology used to investigate the impact of digital payment systems on traditional banking services. The chapter includes detailed discussions on research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The methodology employed a mix of surveys, interviews, and case studies to gather insights from a diverse range of stakeholders in the banking industry. Chapter Four presents a detailed discussion of the findings derived from the data analysis. The chapter examines the key themes that emerged from the research, including the benefits and challenges of digital payment systems for traditional banks, customer preferences and behaviors, regulatory implications, technological infrastructure requirements, and strategic responses by banks to the digital revolution. The findings shed light on the complex dynamics shaping the future of banking in the digital age. Chapter Five concludes the thesis by summarizing the key findings, discussing their implications for traditional banks, and offering recommendations for future research and practice. The conclusion underscores the importance of traditional banks adapting to the digital payment landscape to remain competitive and relevant in an increasingly digital world. Overall, this thesis contributes to the ongoing discourse on the transformation of banking services in the digital era and provides valuable insights for industry stakeholders, policymakers, and researchers.

Thesis Overview