Role of E-Commerce in Indian Banking Sector | Original Article

ABSTRACT:

The internet has changed the way things were done people purchase and sell products and services in the previous 10 years.Indian customers' buying experiences are being transformed by ecommerce. Electronic data exchange expands to producers, retailers' traders, stock market operations, and travel bookings, among other things, resulting in increased economic growth. The word ECommerce refers to doing online commerce using computers, fax machines, and telephones. IBM was the first to adopt the word in 1972. The European Union and the United States conducted the initial transactions. The establishment of the internet market in 1995 marked the start of E-Commerce in our country.E-banking has grown in popularity because to its easytransactional advantages such as speed, efficiency, and accessibility are also available. The most significant benefit of e-commerce is that it brings individuals from all corners of the globe together in a relatively short period of time. Allow individuals to experience and access items, services, information, and other people that they may not otherwise have access to. Banks are the backbone of every country's economy, allowing for quick transactions that were previously impossible before the advent of E-commerce. The importance of the Indian banking sector in Ecommerce is demonstrated in this study