A Comparative Study On ‘E – COMMERCE’ (Munshigi, Cellbazaar & Banglamart Prospect)

Abstract

Electronic commerce, commonly known as (electronic marketing) e commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the internet and other computer networks.

In the year 1979 Online shopping was invented in the UK by Michael Aldrich, and till 2008 US eCommerce and Online Retail sales projected to reach $204 billion, an increase of 17 percent over 2007.

E-commerce through Internet, e-mails, websites, and other facilities, enables a businessman to be linked with every corner of the world, and thus opens up greater opportunities in the World market.

The E-commerce Regulations came into force in August 2002. They implement the European E-Commerce Directive into UK law and one of their main aims is to ensure that electronic contracts are legally binding and enforceable throughout Europe.

In the United States, some electronic commerce activities are regulated by the Federal Trade Commission (FTC). These activities include the use of commercial e-mails, online advertising and consumer privacy.

E-commerce has changed a lot of the ways that companies do business. But the e-commerce revolution has also made new rules necessary. This is not surprising. As with all new eras, advances in technology have forced businesses to evolve, creating new ways of doing business and new rules for conducting business.

The information of the sellers is presented in the web pages in the Internet. The web pages include all the information about goods and services provided by the sellers and order option. Buyers can select required product and services from the web site of the sellers where database of all goods and services are given. After selecting required goods and services, buyer can order for that goods and services and with in a definite period the ordered goods and services are delivered to them.

Base on the process of E-commerce discussed earlier, it may be classified into three basic categories. They are Business2Business, Business2Customer and Customer2Customer.

Munshigi.com Ltd. has introduced E-commerce in Bangladesh through www.munshigi.com website. This website has been uploaded on 14.01.2000 and is inaugurated ceremonially on 24.01.2000 at the national press club, Dhaka.

CellBazaaar is an electronic marketplace, launched in 2006 in Bangladesh that allows buyers and sellers to connect with one another and buy and sell goods and services using their mobile phones for the very first time also from computers.

Banglamart.com has introduced B2B e-commerce in Bangladesh through www.banglamart.com website. This website has been announced in November 2007 and start in June 2008 with a few number of company listed.