E-commerce is buying and selling of goods on the internet and it compliments traditionally trade. Henceforth now this technology has moved forward to the next level of E-banks. These technologies are so fast forward, that it is overtaken before it can even be validated. Even E- commerce is of such sort. It can online store that works 24/7/365. The cost of setting up of an E-commerce website is very low. The fund transfer system is bit faster and a large number of potential business partners can be quickly found and contacted using appropriate search enquiries and E-mail correspondences. By being online, it potentially gives exposure previously untapped market segments. Thus it facilitates to eliminate middleman in many cases. |