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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, 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.




                            ELECTRONIC FUND TRANSFER

                  Electronic Fund Transfer (EFT) is a technology
                  that  allows the transfer  of funds online
                  from one  bank  account  to  another.  On the

                  other hand, Electronic Data Interchange (EDI)
                  is a system for accepting payments for online
                  transactions.

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

                  transactions, and 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, 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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