Retailers’ Perception towards E-Banking in Modern Business Era

Authors: Sonu Agrawal, Dr. R. K. Bakliwal

Published in: IJRRETAS, Volume 6, Issue 3, pp. 1-7 (01 Mar 2020)

Impact Factor: 6.50 (2020)

Certificate: View Certificate

Abstract

In modern era of business retailers have become more in doing banking transactions at one click been grounded it home. The main reason for this electronic banking created convenient and flexible platform to customers so that retailers increase their sales volume easily. The paper highlights on awareness and period of knowing internet banking. It further analysis retailer’s perception towards electronic banking. Reasons were found which encouraged them for adopting the services were time and increasing sales volume, easy-to-use and safe but despite all that, there are many issues with electronic banking which need be focuses by banks like language problem, hacking issues and security etc. This research paper will introduce you to EBanking giving the meaning, history, types and evolution of E-banking. This paper also suggested some ways for making a baking successful to both retailers and banks.

Introduction

Electronic banking is one of the truly widespread Avatar of e-commerce the all over the world. Internet banking is a process by which a customer performs banking transaction electronically without visiting a banks or a motor institution. E-banking is a safe and fast efficient electronic service that enables you access to bank account and to carry out online banking services, 24 * 7 days a week. E-banking or Online banking is a generic term for the delivery of banking

Conclusion

Thus this study has analyzed the perception of retailers regarding the services of e banking. Age and occupation are the important demographic factor in the banks which have used to measure the perception of the retailers on E-Banking services. Finally, the study concludes that electronic banking is need for the modern business era but there are lots of problems in the way of smooth implementation of electronic banking but at the same time electronic banking has lucrative future aspects. If it is considered only the retailer’s aspects that electronic banking can never be neglected because of huge possibility to increase business.