Commerce describes all of the activities all around the purchase or purchase of services or goods. Once we walk into the following century, the web offers to bring unpredictable alternation in the society. Spanning the whole globe, crossing all limitations, the internet has redefined the techniques of communication work, study, education, interaction, Entertainment, Health, Trade and commerce. There are several activities in commerce for example marketing, sales, payment, fulfillment, customer support etc.
Electronic commerce is the use of communication and knowledge discussing technologies among buying and selling partners to the purpose of business objectives. Electronic Commerce is connected using the exchanging of knowledge, services and products via computer systems.
Electronic Commerce is a different way of performing managing and executing transactions using computer and telecommunication systems. Electronic Commerce refers back to the paperless exchange of economic information using EDI (Electronic Data Interchange), Email, EFT (Electronic Funds Transfer) along with other systems based technologies. Electronic Commerce applications began in early 1970s, with your innovations as EFT.
Objectives From The Study:
Reason for the research would be to identify the condition of efficiency by itself and trace the factors accountable for lower or greater efficiency in discharging various operation and activities of research in Electronic Money security.
1. To examine rational and motives underlying term lending agencies these days complex mechanism of Electronic Money.
2. To evaluate the institutional and business constraints hampering efficiency, effectiveness and efficiency of Electronic Money.
3. To evaluate their quality performance through structural analysis.
4. To look at the outcome of recent business policies and liberalization on these Electronic Money.
5. To review and evaluate the safety of Electronic Money transaction.
6. To point out possible remedies of these institutions to prevent their present declining trends.
7. To point out the strategy for lending to greater development of Electronic Money security.
Benefits Of Electronic Money:
Digital cash allows the immediate change in funds from your individual’s personal account to some companies account, with no actual paper change in money. This provides an excellent convenience to a lot of people and companies alike.
Banks can provide many services whereby a person can transfer funds, purchase stocks, and provide other services without getting to handle physical cash or cheques. Customers don’t have to stand in lines, which supplies a lower hassle atmosphere.