Originally, the term applied to carrying out transactions through electronic means such as electronic data interchange; However, with the advent of the Internet and the World Wide Web, in the mid-1990s it began to refer mainly to the sale of goods and services over the Internet, using electronic means such as credit cards as a form of payment. and new methodologies, such as mobile payment or payment platforms. Selling and buying is already a fairly simple task, facilitated, of course, by technology, such as mobile devices with Internet access.
The amount of commerce conducted electronically has grown dramatically because of the Internet.
A wide variety of commerce is conducted in this way, spurring the creation and use of innovations such as electronic funds transfer, supply chain management, Internet marketing, online transaction processing (OLTP), electronic exchange (EDI), inventory management systems, and automated data collection systems.
During 2020, electronic commerce billed a total of 4.2 trillion dollars worldwide. While Latin America showed significant growth of 36.7%, even higher than that of the Asia-Pacific region (26.4%).
In 2021 this growth trend was no different, global e-commerce is estimated to have grown 16.8% in revenue compared to 2020, representing approximately $4.9 trillion for the year.