The rising popularity of e-commerce in India has completely changed the payment mode as online retailers and shoppers alike prefer payments through smartcards, and online modes. Though companies take enough care to protect vital card and payment details of customers, there are still possibilities that online transactions can be exposed to unscrupulous data thefts and their illegal usages.
The spurting of e-commerce sites has led to phenomenal increase in the number of online transactions. According to a data compiled by Statista, a leading statistical portal, in 2014 the total online sales were at $1,471 billion which are expected to reach $2,356 billion by 2018.
In 2014, India clocked 250 million internet users, a figure that has grown by 14% as compared to the previous year. Since infringement in ecommerce business and data fraud in mobile and online transactions can be a catastrophe to retail sector, there is a growing need to make all online transactions secure.
Read full article here.
The spurting of e-commerce sites has led to phenomenal increase in the number of online transactions. According to a data compiled by Statista, a leading statistical portal, in 2014 the total online sales were at $1,471 billion which are expected to reach $2,356 billion by 2018.
In 2014, India clocked 250 million internet users, a figure that has grown by 14% as compared to the previous year. Since infringement in ecommerce business and data fraud in mobile and online transactions can be a catastrophe to retail sector, there is a growing need to make all online transactions secure.
Read full article here.

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