E-commerce and Online Banking Process in Bangladesh

Abstract

Thousands of years ago at the dawn of human civilization, agricultural society evolved from the plough. In the second half of the eighteenth century, with the advent of the steam engine the industrial revolution took place in Europe. Now at the dawn of the new millennium another revolution of entirely different kind is taking place across the globe -a silent revolution, much more powerful and all pervasive - it is information technology revolution. No wonder that the present age is being called the information age. E-commerce is another born child of human brain which is originated from the revolution of information technology.E-commerce brings the universal access of the internet to the core business processes of buying and selling goods and services. It helps generate demand for products and services and improves order management, payment, and other support functions. The overall goal is to cut expenses by reducing transaction costs and streamlining all kinds of processes. The internet's worldwide reach helps business discover new markets while increasing the speed of access and the speed of transactions.