Abstract

In e-commerce the potential of information and communication technology to alter various transaction processes is discussed. Additionally it has an impact on all phases of communication including pre-payment post-payment and mid-payment. Within the realm of electronic commerce a new segment of the markets for the acquisition and sale of digital products and services is now getting off the ground. E-commerce payment integration is the goal of this essay which includes its aim. In this article a complete perspective of the interface between the systems of the players is presented. These actors include the customer-marketer the payment service provider and the payment service provider-bank. By doing this study we will be able to get a better understanding of the relationship between the economic growth of the community and the introduction of new information and communication technology services particularly e-commerce in developing nations.