E- Commerce: Boon For Global Financial Market
Keywords:
E-Currency, Electronic Currency, Digital Currency, Financial ManagementAbstract
E-commerce has emerged as a transformative force in the global financial market, revolutionizing the way business is conducted and reshaping traditional economic structures. This review paper aims to analyze the impact of e-commerce on the global financial market, exploring its various benefits and advantages as well as its potential challenges and limitations. The paper begins by examining the evolution of e-commerce and its rapid growth in recent years, highlighting the key drivers behind its success. It delves into the advantages of e-commerce, including expanded market reach, increased efficiency, and cost savings, which have contributed to its significant impact on global financial transactions. The review investigates the effects of e-commerce on businesses and consumers, emphasizing the enhanced customer experience, greater convenience, and improved access to goods and services. The review paper also presents an overview of the challenges associated with e-commerce in the global financial market. It highlights concerns related to data security, privacy, fraud, and regulatory frameworks. Furthermore, the risks associated with a digital divide, where certain populations lack the necessary infrastructure and skills to fully participate in e-commerce, are discussed. This review paper provides a comprehensive examination of e-commerce as a boon for the global financial market. It highlights the transformative effects of e-commerce on businesses, consumers, and SMEs, while also addressing the challenges that need to be tackled for its continued growth and success. The findings presented in this paper aim to stimulate further research and provide insights for policymakers, businesses, and individuals involved in the global financial market.
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