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E-commerce or “electronic commerce” refers mainly to monetary transactions done online or electronically. It is increasingly being utilized on a variety of mobile and other devices. The types of businesses that mainly use e-commerce are banks, shopping sites, trading companies etc. In reality e-commerce services can be availed by almost any kind of business that you can think of. Even smaller transactions like buying a movie ticket, ordering food or registering a website can be done using e-commerce. Almost every site now has a page using e-commerce solutions, whether it’s for charitable donations or business.
A common and fast growing usage of e-commerce is online shopping portals, like Flipkart, eBay, Jabong, Amazon etc. These companies usually do not have any retail outlets in the physical world. Rather they save the exorbitant cost of setting up shops and other infrastructural resources by conducting business in the digital world using e-commerce. Users pay for the item they like, and it is delivered right at their doorstep. No more long commutes, traffic blocks or pollution. Do you really need to develop bronchitis to buy that pretty dress? One can easily see E-commerce is the future.
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