ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -E-finance is defined as “The provision of financial services and markets using electronic communication and computation”. In this paper we outline research issues related to e-finance that we believe set the stage for further work in this field.

Detailed explanation-2: -E-finance will lower the costs of providing financial services and also allow greater access to those services. Thanks to the new technology, more financial institutions will be able to extend credit to a wider range of consumers, including SMEs.

Detailed explanation-3: -Financial services is a broad range of more specific activities such as banking, investing, and insurance. Financial services are limited to the activity of financial services firms and their professionals, while financial products are the actual goods, accounts, or investments they provide.

Detailed explanation-4: -E-finance includes online brokerage, banking, insurance and other financial services.