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Abstract
The study sought to explore the impact of financial technology on the development of some selected deposit money banks in Nigeria from 2010 to 2023. Financial technology USSDV as the explanatory variables, while development is proxies by the ratio of CPS to GDP. The study covers the entire population in terms of digital operations in Nigerian financial institutions. It applied ARD and the choice of this study was premised on the fact that many scholars used different econometric techniques and choice of variables that led to divergent and variant regression results. Ex-post facto and analytical designs were used. Unit root test, correlation and parameter stability tests were applied to ensure that parameters to be estimated were not misleading. The result showed that; (i) Unstructured supplementary service data value (USSDV) have a negative and non-significant impact on deposit money bank in Nigeria. Based on the result, the study recommended that, government and other regulatory authorities, should take proactive steps in creating enabling environment by providing necessary online infrastructures and ensure that restrictive policies are relaxed in the ease of doing business, introduce legislation that promotes financial inclusion and implement cashless policy. These would also boost customers’ confidence in adoption of financial technology. Keywords: Financial technology, deposit, money, Nigeria, and economy.