Table 3 Summary of percentage of variance and loading of items.

Awareness

 I am aware of different e-payment modes in Nigeria

 I use the e-payment modes than cash in most transactions

 Information on the usage of e-payment is readily available, even on social media

 It is easy for me to become skillful at using any e-payment mode

Convenience

 I access financial information through mobile computing devices

 I have a feeling of happiness when using e-payment systems

 Frustration of banking hall transaction congestion is reduced

 Limit of cash movement

 Adaptability of e-payment systems with mobile phone is appreciated by me

 Effective transaction through e-payment is less time consuming

Security and safety

 Risk of physical cash movement is higher than through electronic mode

 Keeping cash in anticipation for financial transaction is better electronically

 I feel secured making transaction on any of the e-payment mode

 e-payment systems guarantee consumers’ privacy of financial consumption

Trust

 e-payment systems is reliable for financial transaction

 e-payment system is vulnerable to system intruders or hackers

 I am comfortable with financial services delivery of e-payment system in Nigeria

 I trust e-payment systems as it send money to correct recipients

Social influence

 I use e-payment modes, because most of my friends uses it

 The trend in the society facilitates my usage of e-payment

 I feels, it is professional to use e-payment systems in financial transactions

 My family are using the e-payment modes

Consumers’ spending growth

 With so many payment channels, my spending appears to have increased

 e-payment systems facilitate transaction across borders

 Purchase decision is quicker with the adoption of e-payment system

 e-payment systems simplifies consumption mobility at any time or place

 e-payment makes me buy things I would not have bought ordinarily

 With e-payment, I spend higher percentage of my income on consumption