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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 online transfer of funds 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 are also gaining popularity to make online
            payments like mobile banking, e-cash, e-checks, digital wallets, etc.





                 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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