Electronic money: An essence of e-commerce

This paper discusses some important key issues relating to e-commerce and electronic money. The rapid growth of the Internet and its use has made the e-commerce, the business opportunity of future, very popular. In the twenty-first century, the e-commerce will disseminate information at a low cost and will provide fast and quality business transactions. The issues, such as security and reliability relating to electronic payment system have been discussed. Till date, some of the burning problems have been solved, but many unresolved issues are still existing for which research and development activities are underway. It is expected that these problems will soon be solved to make e-commerce the best mode of business transactions.