Answer is E-commerce
This means increased business opportunities for Fintech and E-payments firms.
Other businesses that will benefit from this are those that render technologies such as mobile commerce, electronic funds transfer, Internet marketing, online transaction processing, electronic data interchange and inventory management systems etc .
However, one of the CRITICAL SUCCESS FACTOR in E-COMMERCE business is Intellectual Property Rights protection , such as ;
A. Patents
B. Copyrights -Who owns the RIGHTS for photographs, music, software codes used on the E-commerce platform etc
C. Trademarks-Brand names,Logos
D. Trade Secrets
E. Data protection
F. Industrial designs
The above is KEY to the sustainability of the E-commerce business.
Management, Investors and Stakeholders should take note.
