Page 27 - KEC Khaitan C8.4 Flipbook
P. 27

uiz   Bee        Which type of company sells its product to customers?

                                          _________________________________________________________________





                 APPLICATIONS OF E-COMMERCE
                 Some of the main applications of E-commerce are e-shopping, e-banking and m-commerce.


                 E-Shopping

                 Shopping on the Internet is called e-shopping. A customer surfs many e-commerce websites and
                 selects a product of his/her choice. Once the product is selected, the customer proceeds to order
                 the product. The ordered product is then delivered to the customer’s doorstep. For e-shopping,
                 we just need a device (computer, smartphones or tablet) with an Internet connection.


                 E-Banking

                 E-banking is a method of banking in which the customer conducts transactions electronically via
                 the Internet. E-banking is also known as virtual banking, online banking, or internet banking.
                 Services provided by e-banking are managing deposit accounts, online fund transfers, Debit
                 and Credit card services, electronic data exchange, etc.

                 This is the service provided by the banks in which we have an account. To access these services,

                 we need to contact the bank. The bank provides a username and password through which we can
                 log into the e-portal of the bank.


                 M-Commerce
                 Mobile Commerce, also known as m-commerce, refers to the online buying and selling of products

                 using handheld devices like smartphones and tablets. It is a subset of e-commerce. Examples of
                 m-commerce are in-app purchases, mobile banking, marketplace apps such as the Amazon
                 mobile app, digital wallets such as Google Pay, Apple Pay, mobile ticketing, etc.





                                                                                                  Latest IT Trends  25
   22   23   24   25   26   27   28   29   30   31   32