E-Commerce is short for electronic commerce and refers to the field of marketing, buying, selling, distributing and servicing different products and/or services over the internet. It aims at using electronic business applications for the purpose of commercial transactions. E-Commerce is believed to have started off in 1994 when the first ever banner appeared on the internet but electric commerce not using the internet must have originated as far back as the 1970s when technologies such as Electronic Funds Transfer and Electric Data Interchange were being used. M-Commerce on the other hand stands for Mobile Commerce and refers to commercial transactions being conducted over cellular and mobile devices. M-Commerce originated sometime during the 1990s. The methods of payment used are normally calling numbers with premium rates, reduction of the caller's credit and charging the user's bill.
