Elevating Transactions: the Role of Internet Banking in Revolutionizing E-Commerce Experiences

EasyChair Preprint no. 11809

Abstract

As the global landscape of commerce undergoes a transformative shift towards digitalization, Internet banking emerges as a pivotal force in shaping and elevating transactions within electronic commerce (e-commerce). This paper explores the multifaceted role played by Internet banking in revolutionizing the e-commerce experience, examining its impact on consumer behavior, business operations, and the overall economic landscape. The study delves into the dynamic relationship between Internet banking and e-commerce, elucidating how advancements in financial technology (fintech) have synergized to create a seamless and efficient ecosystem. It investigates the changing paradigms of trust and security in online transactions, highlighting the role of encryption, authentication protocols, and emerging technologies like blockchain in fostering a secure digital environment. Furthermore, the paper analyzes the influence of Internet banking on consumer preferences, exploring the convenience, accessibility, and personalized services that contribute to the enhanced user experience. The rise of mobile banking applications, virtual wallets, and contactless payment solutions is examined as a driving force behind the evolution of transactional processes.

Keyphrases: Digital Transformation, e-commerce, Internet Banking

@Booklet{EasyChair:11809,
  author = {Lee Kasowaki and Ismael Faris},
  title = {Elevating Transactions: the Role of Internet Banking in Revolutionizing E-Commerce Experiences},
  howpublished = {EasyChair Preprint no. 11809},

  year = {EasyChair, 2024}}