Compare the Difference Between Similar Terms

Difference Between

Home / Business / Finance / Banking / Difference Between e Banking and e Commerce

Difference Between e Banking and e Commerce

February 28, 2011 Posted by Olivia

e Banking vs e Commerce

e Banking and e Commerce refer to electronic mode of doing business. This is the age of computers and internet and it is making its presence felt in all walks of life. Banking and trading have not remained aloof and have embraced advancements gleefully to make both banking and buying and selling easier, fast and more convenient for people. The difference between e banking and e commerce is self evident and is clear from the phrases. However, there are overlapping as e banking is often involved in many cases of e commerce.

e Banking

E banking or online banking is nothing but allowing a customer to use internet to access his account anytime he wishes sitting in the comfort of his home or office or anywhere else. E banking, which started slowly has today become a need and also allows banks to cut down on expenditure involved with extra staff. Customers are happy as they are not required to go to the bank physically for various reasons and can conduct financial transactions even in the middle of night when the banks are closed. This has led to a revolution of sorts and has in fact given a boost to trade and commerce.

e Commerce

E commerce is the name given to trading activities that are conducted using the power of internet. E commerce is simply online transactions. Buying and selling of goods and services using money through internet. E commerce can be between businesses to businesses when it is called B2B or business to consumer when it is called B2C.

The biggest attraction of e banking and e commerce lies in the fact that they are fast, convenient, and money saving. Imagine going physically to your bank for trivial reasons but having to take your car and spending money and time in driving, parking and having to face traffic on road. All this time and money is saved when a customer avails e banking. Similarly if there is a product that is not available in your city or area and you find it on a website and really need it, you can avail the facility of e commerce to pay for the product using online banking and getting it which other wise would take a lot of time and money to reach to your doorstep if you use traditional means of paying. Probably one thing that makes e banking and e commerce most attractive is the ability of the user to access his money anytime of the day whether the bank is open or closed.

Talking of differences between e banking and e commerce, it is clear that e banking is the tool that makes people get to their money and account in a fast and easy manner whereas e commerce is a tool that allows not only companies to transact business with each other but also to buy and sell products and services using internet.

Related posts:

Difference Between m commerce and e commerce Difference Between eBay and Amazon Difference Between Short Sale and Foreclosure Difference Between Java and C language Difference Between ABA routing numbers and ACH routing numbers

Filed Under: Banking Tagged With: B2B, B2C, e auction, e banking, e commerce, eBay, internet banking, online banking, online trading, online transaction

About the Author: Olivia

Olivia is a Graduate in Electronic Engineering with HR, Training & Development background and has over 15 years of field experience.

Leave a Reply Cancel reply

Request Article

Featured Posts

Difference Between Coronavirus and Cold Symptoms

Difference Between Coronavirus and Cold Symptoms

Difference Between Coronavirus and SARS

Difference Between Coronavirus and SARS

Difference Between Coronavirus and Influenza

Difference Between Coronavirus and Influenza

Difference Between Coronavirus and Covid 19

Difference Between Coronavirus and Covid 19

You May Like

Difference Between Bronchitis and Bronchiectasis

Difference Between Bronchitis and Bronchiectasis

Difference Between Worse and Worst

Difference Between Pauli Exclusion Principle and Hund Rule

Difference Between Tiger and Leopard

Difference Between Wavelength and Amplitude

Latest Posts

  • Difference Between Heat Flow and Heat Flux
  • Difference Between Homospory and Heterospory
  • Difference Between Chrysophytes and Euglenoids
  • Difference Between Acetone and Isopropyl Alcohol
  • Difference Between SDP and RDP
  • Difference Between Masking and Demasking Agents
  • Home
  • Vacancies
  • About
  • Request Article
  • Contact Us

Copyright © 2010-2018 Difference Between. All rights reserved. Terms of Use and Privacy Policy: Legal.