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Journal of Sustainable Business and Economics | Volume 06 | Issue 01 | January 2023
Journal of Sustainable Business and Economics
https://journals.bilpubgroup.com/index.php/jsbe
*CORRESPONDING AUTHOR:
Shepard Makurumidze, Department of Finance and Accounting, University of Zimbabwe, Zimbabwe; Email: tsmak70@gmail.com
ARTICLE INFO
Received: 28 July 2022 | Received in revised form: 31 January 2023 | Accepted: 3 February 2023 | Published: 14 February 2023
DOI: https://doi.org/10.30564/jsbe.v6i1.19
CITATION
Makurumidze, S., Rwodzi, D., 2023. Mobile Banking and Commercial Bank Performance Nexus in Zimbabwe (2011-2021): Impact and Implica-
tions. Journal of Sustainable Business and Economics. 6(1): 1-14. DOI: https://doi.org/10.30564/jsbe.v6i1.19
COPYRIGHT
Copyright © 2023 by the author(s). Published by Bilingual Publishing Group. This is an open access article under the Creative Commons Attribu-
tion (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
RESEARCH ARTICLE
Mobile Banking and Commercial Bank Performance Nexus in
Zimbabwe (2011-2021): Impact and Implications
Shepard Makurumidze
1*
Dorcas Rwodzi
2
1
Department of Finance and Accounting, University of Zimbabwe, MP 167, Zimbabwe
2
Graduate Business School, Chinhoyi University of Technology, 7724, Zimbabwe
ABSTRACT
The study investigated mobile banking and commercial banks’ performance nexus in Zimbabwe for the period
2011-2021. The investigation employed a pragmatic approach and a descriptive design. Primary data as well as
secondary data were used to achieve the study objectives. Questionnaires, interviews and documentary guides were
used to collect primary and secondary data respectively. There were 108 questionnaires distributed to staff members
and customers of 6 sampled commercial banks in Zimbabwe having mobile banking experience. The interview guide
was administered to bank managers to get a deeper understanding of the topic under research and as a mitigation
strategy for addressing the faws of the questionnaires. Analysis of quantitative data utilised descriptive analysis tools,
correlations analysis tools as well as regression analysis tools whereas theme analysis was used for qualitative data.
SPSS version 26 was used for this purpose. The study implications established that mobile banking and commercial
banks’ performance nexus in Zimbabwe was signifcant and also enhanced mobile banking security capabilities and
strengthened commercial banks’ performance. The investigation concluded that mobile banking’s success in enhancing
commercial banks’ performance hinged on its ability to allow the user to get easier, cheaper and timely access to
services. However, the study results showed that the cost of mobile banking services, government policies and intense
competition inhibited the uptake of banking services. Commercial banks are recommended to continue strengthening
the security of mobile banking services and to boost their uptake by bank customers in Zimbabwe.
Keywords: Mobile banking; Commercial banks; Performance