Professional Documents
Culture Documents
Q9. Write short note on Electronic Payment system. Why are micropayments so important for the future of
e-commerce.
of the 'core' business function. It has created lot of visibility for the firms; some of the initiatives are very
a
successful, making owners instant millionaires. It is based on the technology of the Internet. Alexa Ranking
website and India's largest online bookseller with 11.5 milliontitles.
shows, FlipKart is among top 13 Indian
online shopping in India.
is not a success story, but it is about revolutionizing
just
FlipKart
the e-commerce sector of India is growing
rapidly; W
IWS (Internet World Stats)
challenging with ke
the
According to competitive and
2012, It is becoming highly
137,000,000 Internet users for June 30, and 3G penetration, high in disposable incomcbing
infrastructure (broadband) 24X7 Shop
drivers such as increase in of doorstep delivery, to
behavior of people, advantage
middle class, changing buying of online product as cop
for offline shopping, low prices
lack of time
tail and direct
imports) iun
Cxperience, busy lifestyles,
wider range of products (long
driven commerce,
hrick and mortar retail