Michael Aldrich set the base for the future of internet e-commerce by integrating a regular TV with a hardware technology that could handle incoming purchases and conversations via a phone line. Less than 20 years later, mobile commerce developed as a major subset of e-commerce and its rightful successor. What Is E-commerce?
E-commerce is a wide phrase that refers to any corporation or business that sells its products or services through the Internet, whether they are physical commodities or services. Types of e-commerce: Business-to-customer (B2C);
Business-to-business transactions (B2B);
Consumer-to-consumer purchases (C2C)
Let’s take a quick look at the history of e-commerce and how it all began with Boston Computer Exchange, the world’s first e-commerce company that specialized in used computer sales via a bulletin board system throughout the 1980s. The progress of e-commerce proceeded as the rise of internet use in the 1990s introduced large markets to make online purchasing even more user-friendly and efficient. Marketplaces such as eBay, Alibaba, Amazon were among the earliest developers of online payment systems and now today have significant control of the industry. What Is M-commerce?
Mobile commerce has quickly overtaken e-commerce as the most popular and convenient method of purchasing goods and services online. The term was coined in 1997 during the Global Mobile Commerce Forum by Kevin Duffey.
M-commerce is significant progress over the previous methods of buying and selling through only computers. Because of the ease of accessibility m-commerce offers, a plethora of new market reaches come to life, regardless of their location, consumers are now easily reached on a global scale Additionally, thanks to Mobile commerce several new sectors have emerged: Mobile banking Wireless check-in system in travel and entertainment industries Contactless in-store mobile payments The choice of devices for shopping is the primary distinction between e-commerce […]
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