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the product. The ordered product is then delivered to the customer’s doorstep. For e-shopping,
                  we just need a device (computer, mobile phone 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, ATM
                  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 the 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 mobile phones and tablets. It is a subset of e-commerce. Examples

                  of m-commerce are in-app purchases, mobile banking, marketplace apps like the Amazon
                  mobile app, digital wallets such as Google Pay, Apple Pay, mobile ticketing, etc.




                            ELECTRONIC FUND TRANSFER


                  Electronic Fund Transfer (EFT) is a technology
                  that  lets  the funds transfer online from the

                  bank account of one organisation to another.
                  This  service  is  primarily  used  for  e-banking.
                  Electronic Data Interchange (EDI) is a system
                  of accepting payments for online transactions.

                  Various  payment  systems  are  accepted  for making  online  payments  such  as  debit  cards,  or
                  credit cards. Credit cards are the most popular way of payment for transactions in e-commerce,

                  but they ensure security by using the Card Verification Number (CVN) to detect any fraudulent
                  activities. Some of the newly introduced technologies like mobile banking, e-cash, e-checks,
                  digital wallets, etc. to make online payments are also gaining popularity these days.





                       Tick ( ) if you know this.

                       ▶   The act of selling and buying a commodity over the Internet is known as e-commerce.
                       ▶  E-banking is also known as virtual banking.






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