E-commerce is a business model that is growing to bring remarkable transformations in the way people
do transactions. The Internet continues to power E-commerce, which is replacing traditional trade
schemes. For example, people do business without using hard cash. With a few clicks on the computer
or mobile devices, one can purchase products and pay for a broad range of services. E-commerce has
revolutionized markets. Today, trade has moved across borders. Organizations that embrace the
business model can reach markets continents away. Moreover, E-commerce has benefited private
sectors in many countries by enabling them to reach low-cost consumers around the world. It is
important to note that electronic commerce is changing lives in ways that traditional trade scheme
could not. For instance, virtual stores, which operate round the clock every day have made consumers
buy goods and services whenever they want. Electronic commerce has enabled organizations to reduce
overhead costs of doing business. In fact, E-commerce has benefited governments, multinationals, and
individuals in doing business. Therefore, E-commerce is a substitute to traditional trade schemes.
