Abstract

In e-commerce we see how information and communication technologies have the ability to revolutionize many types of sale procedures. From pre-payment to post-payment to mid-payment it impacts all phases of communication. Online marketplaces are giving rise to a new subset of consumer markets for digital products and services. This essay is written with the intention of integrating online payment systems. This page gives a thorough overview of the systems interfaced by the many players including the customer-marketer the payment service provider and the bank that processes the payments. This study will provide light on the relationship between community economic growth and new information and communication technology services namely e-commerce in underdeveloped nations.