UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 7 Issue 1
January-2020
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2001066


Registration ID:
316871

Page Number

512-523

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Title

DIGITAL TECHNOLOGIES FOR ONLINE RETAILING

Abstract

There has been a significant increase in the E-banking industry as consumers increasingly prefer conducting transactions online and paying bills simply by scanning QR codes. So, in this Digital Transformation era, E-banking has grown tremendously. These retail development patterns have benefited a cashless economy that relies on digital versions of goods rather than the traditional method. Globally, digitalization has advanced. Physical boundaries are being removed in order to establish a global environment. Amazon, Alibaba, Flipkart, eBay, Paytm Mall, and others are online department stores. They will suffer as merchants and brands fight back with more customer-focused partnerships. A retailer or a brand may serve as a gatekeeper for different online shopping platform choices. However, it is not always roses. In order to make a transaction, a genuine relationship with the client is required. However, internet platforms make it harder to establish such relationships and gain loyalty. The infinite requirements increase with digitalization. The demand for change is so great that vendors must constantly satisfy changing expectations, which may be tough to fulfil. In the age of digitization, merchants must cope with cybercrime and even avoid it. The US was the first to utilise cell phones for retail and pharmaceutical purposes. Consequently, sales increased substantially. They started to provide a range of features that quickly became popular. Their strategies made all these companies very profitable. Many consumers who cannot select between products just read reviews and decide appropriately, or collect all necessary information and opt not to purchase until the prices are revealed. All smartphone applications now have success in attracting all polarising market segments. Digitalization will cause a significant change in the conventional monetary paradigm. Money positions unbundled create intense competition. However, significant network-related digital currencies may help re-bundle money when payment networks combine with diverse data services. The development of systemically important networks leads to areas of digital money beyond national boundaries, which may destabilize the international monetary system. Digital assistants help improve workflow, customer, and financial experiences. Consumers benefit from modern financial innovation.

Key Words

E banking industry, transactions online, cashless economy, online shopping platform, Digitalization

Cite This Article

"DIGITAL TECHNOLOGIES FOR ONLINE RETAILING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 1, page no.512-523, January-2020, Available :http://www.jetir.org/papers/JETIR2001066.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"DIGITAL TECHNOLOGIES FOR ONLINE RETAILING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 1, page no. pp512-523, January-2020, Available at : http://www.jetir.org/papers/JETIR2001066.pdf

Publication Details

Published Paper ID: JETIR2001066
Registration ID: 316871
Published In: Volume 7 | Issue 1 | Year January-2020
DOI (Digital Object Identifier):
Page No: 512-523
Country: Delhi, Delhi, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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