E-Commerce

E-Commerce involves the sale or purchase of goods and services by businesses, individuals, governments or other organisations and is conducted over computer networks. E-Commerce builds on traditional commerce by adding the flexibility and speed offered by electronic communications. This can facilitate improvement in operations leading to substantial cost savings as well as increased competitiveness and efficiency through the redesign of traditional business methods. E-Commerce is the application of current and emerging information and communication technologies (ICTs) to conduct business. These include telephone, fax, TV, electronic payment and money transfer systems, electronic data interchange (EDI) and the Internet.