Internet has led to the development of latest financial ecosystem. E-commerce has become prevalent in today’s era. It offers swift and simple mode of trading regionally as well as globally.
What is E-Commerce?
To be precise, e-commerce denotes the act of buying and selling of products or services of via internet. Generally, “electronic commerce” is referred to as encrypted online payments. At times, these operations include real-time funds’ transfer from buyer to seller. Alternatively, this activity is sometimes, handled manually through an EFT-POS terminal to ensure the smooth transactions.
Internet sales are rising rapidly as low prices attract consumers towards the wholesale supply of retail products. This trend will gradually boost the security of customers along with effective management of websites. Privacy matters are being improved too.