E-commerce applications
The development of the e-commerce industry has driven growth in many other industries in parallel.
· Electronic Banking – E-banking or internet banking is a sophisticated form of banking that facilitates consumers to carry out monetary transactions online using their existing bank accounts, credit cards, debit cards, ATM cards or stored value cards. You can view your account details, transfer funds, make payments and get mini statements for your account history. The Electronic Payment System (EPS) via e-banking completes the e-commerce cycle when making payment, thus guaranteeing buyers and sellers. It facilitates a secure and fast payment gateway for any online transaction. The enormous contribution and public response to e-commerce has led almost all public and private banks to be visibly active in the online market as well.
· Shipping industry – (EN) If there is one industry that stands to gain from the growing spirit of electronic commerce, it is certainly the shipping and express mail industry. E-commerce has instigated the establishment and growth of international and national shipping companies. FedEx (FDS) and United Parcel Service (UPS) are two of the major shipping companies responsible for shipping a large online shopping industry.
· Electronic Media – Visibly present as newspapers and news channels around the world for years, print media has steadily but beautifully occupied the digital world with the growth of Internet users, and therefore the Internet economy, in Last times. Compared to paper news, e-newspaper can provide the latest/currently available news with one click.
· Electronic Auctions – Physical stores have witnessed an innovative approach to making goods available at a negotiated price in the market; called auction. The Internet has added a new dimension to this area, such as electronic auctions, where buyers and sellers can bid online and negotiate on a wide range of products. eBay.com, Olx and AuctionIndia.com are some of the popular e-auction websites .
Latest trends and future scope
1. The social media buzz, needless to mention, is a seraphic area for maximizing e-commerce. More and more companies are available on SN websites to build and promote their brands on the e-bazaar. Integrating Facebook applications like 'like' and 'share' is the favorite customization for e-commerce websites these days.
two. Search engine optimization for e-commerce website.
3. With the increasing use of the Internet on mobile devices, developing mobile-specific websites is a good idea to promote m-commerce.