Page 27 - KEC Khaitan C8 Flipbook
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uiz Bee Which type of company sells its product to customers?
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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.
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