June 10, Accepted: August 01, Published: August 03, Citation: J Internet Bank Commer
Bythere will be about Despite the large base of internet users in India, only 26 percent of the Indian population accessed the internet in This is a significant increase in comparison to the previous years, considering the internet penetration rate in India stood at about 10 percent in Indians often turn to mobile internet, as the large majority of the digital population in India were mobile internet users in About million people in India accessed the internet through their mobile phones inwhich corresponds to about Both figures are forecast to increase in the coming years, with projections to amount to As ofIndia had an estimate of million mobile internet users living in urban communities, and million living in rural areas.
One aspect whereby India shares the characteristics of other global internet users is its passion for social media. Init is estimated that there will be around This means that the share of the Indian population that access social networks is expected to jump from around Facebook is the most popular social networking site in the country.
There were about million Facebook users in India asplacing India as the country with the largest Facebook user base in the world. With an estimate of Retail e-commerce sales in India amounted to about 16 billion U.
Mobile shopping has gained space in the country as well. About 49 percent of Indian consumers stated using their mobiles for purchasing goods or services.
This share is above global average — which stood at 38 percent as of — and the second highest figure in the world, only behind China.
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"For best viewing of this website in IE 10/11, the 'Compatiblity View' setting should be turned off. To turn off the Compatiblity View setting, go to Tools -> Compatiblity View Settings and remove the mention of this website from the selected URLs.". Internet Banking in India – Guidelines You may be aware that Reserve Bank of India had set up a ‘Working Group on Internet Banking’ to examine different aspects of Internet Banking (I-banking).
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