The information age has provided wealth opportunities to almost all sectors of societies .It has profound effects on social, economic and commercial purposes, and most importantly, this age of providing solutions to problems that have been held as insoluble before. The period beginning around 1970 and noted for the abundant publication, consumption, and manipulation of information, especially by computers and computer networks.
With the invention of e-commerce, bankers and businessmen realized that they could profit from immediate knowledge of stock prices and other crucial data. The new technology shortened the time for decision-making and increased the pace and stress of the business day.
E-commerce had opened a vast new world of opportunity for people; it has brought flexibility to banking and cost-effectiveness to high street shopping. Now a day’s people can view a range of products in online stores by internet connection, and compare price. They can buy products by the credit card and more over this purchase will be securely online. These online stores have grown rapidly, that almost everything is available in this shop to be on sale, from books, to CDs, DVDs, foods, cards, furniture, rare memorabilia and other merchandise
Banking is also adapted to online systems, every banking now days have a website, where the general people can find any information, can open a personal account and also arrange loan and transaction can be carried out, without standing in a long queue in the bank branches.
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