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  • Electronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
  • Electronic commerce is generally considered to be the sales aspect of e-business.
  • Originally, electronic commerce was identified as the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT).
  • Electronic Commerce is the sale and procurement of supplies and services using information systems technology.
  • ECommerce is viewed as a possibility for enabling Frictionless Commerce.
  • E-commerce uses internetworked computers to create and transform business relationships.
  • The trend of e-commerce transactions shows that B2B transactions increased from 8 billion U.S dollars.
  • Electronic commerce can be subdivided into four distinct categories: Business-to- Business (B2B), Business-to-Consumer, Business-to-Administration, and Consumer-to-Admin istration.
  • The Internet economy is a broader concept than e-commerce and e-business. It includes e-commerce and e-business.
  • B2B e-commerce is simply defined as e-commerce between companies.
  • Business-to-consumer e-commerce, or commerce between companies and consumers, involves customers gathering information.
  • Business-to-government e-commerce or B2G is generally defined as commerce between companies and the public sector.
  • Consumer-to-consumer e-commerce or C2C is simply commerce between private individuals or consumers.
  • Consumer-to-business (C2B) transactions involve reverse auctions, which empower the consumer to drive transactions.
  • M-commerce (mobile commerce) is the buying and selling of goods and services through wireless technology.
  • E commerce is rising at 12% annually in the U.S, and EU. It is expected that in the few coming years the productivity gap between the European countries and the United states will close rapidly.
  • By most estimation used, it has been found that over 95% e-commerce takes place in developed countries, with Africa and Latin America combined accounting for less than 1% of the total. Business to business (B2B) transactions represents around 95% of all e-commerce transactions worldwide.
  • E-commerce which is developing at a high rate in India can become a platform for anti-competitive issues and agreements that can come up in the future. Credits cards are the facilitators of E-commerce.
  • Indian middle class of 288 million people is equal to the entire U.S. consumer base. This makes India a real attractive market for e-commerce.
  • The e-commerce market in India was largely dominated by the online travel industry with 80% market share while electronic retail (E-Tailing) held second spot with 6.48% market share.
  • It is to be noted that while e-commerce is expected to continue its remarkable growth, it still represents only a small percentage of total retail sales.
  • E-commerce is one of the most important instruments of the economy. E-commerce Committee (ISE/E2C) was established to catalyze and build awareness of e-commerce in Egypt.
  • The new web e-commerce applications would include taking online payments using debit and credit cards, and setting up and amending paperless direct debit mandates.
  • The timing of investment in e-commerce remains hotly debated in both the academic and investment communities.

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