E-commerce and
Payment
E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It encompasses a wide range of online transactions, including online retail stores, digital marketplaces, online auctions, and business-to-business (B2B) transactions. E-commerce has transformed the way businesses operate and how consumers shop, offering convenience, accessibility, and a global reach.
- Online Stores
- Online Payment Systems
- Digital Marketplaces
In summary, e-commerce and payment systems have revolutionized the way businesses conduct transactions and how consumers shop online, offering convenience, flexibility, and security in the digital marketplace.
These are websites or platforms where businesses display their products or services for sale. Customers can browse through product listings, view product details, add items to their cart, and make purchases online.
Digital marketplaces are platforms that connect buyers and sellers from around the world. Examples include Amazon, eBay, and Alibaba. Sellers can list their products or services on these platforms, while buyers can browse, compare, and purchase items from various sellers.
Online Payment Systems enable secure and convenient transactions between buyers and sellers over the internet. They facilitate the transfer of funds from the buyer's payment method (credit card, debit card, digital wallet, etc.) to the seller's account.