In the 1970s, e-commerce involved facilitating commercial transactions electronically using technologies like EDI and EFT to send documents like purchase orders and invoices. In the 1980s, the growth of credit cards, ATMs, telephone banking, and airline reservation systems increased electronic transactions. In the 1990s, the commercialization of the internet led to the rise of dot-com companies and innovative online applications for direct sales and e-learning.
2. Brief History of E-Commerce
1970s
E- commerce meant the facilitation of
commercial transactions electronically, using
technology such as Electronic Data
Interchange (EDI) and ElectronicFunds
Transfer (EFT), allowing businesses to send
commercial documents like purchase orders
or invoices electronically.
8. Brief History of E-Commerce
1990s
The Internet commercialized
and users flocked to
participate in the form of dot-
coms, orInternet start-ups
Innovativeapplications
ranging from online direct
sales to e-learning
experiences
9. Brief History of E-Commerce
2000s
Many European and American business
companies offered theirservices through
the World Wide Web.
Since then, People began to associatea
word “e- commerce”
10. Brief History of E-Commerce
Began in 1995 and grew
at an annual rate of 16 %
Rapid growth led to market
bubble
While many companies failed, many
survived with soaring revenues
E-commerce is the fastest growing
form of retail trade in U.S.,
Europe,Asia