| E-commerce |
|---|
 |
| Digital content |
| Retail goods and services |
| Online shopping |
| Mobile commerce |
| Customer service |
| E-procurement |
| Purchase-to-pay |
| Super-apps |
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Anonline wallet is a software or web service that allows users to store and control theironline shopping information, such aslogins,passwords, shippingaddress andcredit card details. It also provides a method for consumers to purchase products from online retailers.[1]
These systems can be integrated with directly or can be combined with operator and credit card payments through a unified mobile web payment platform. Examples includeGoogle Wallet,PayPal,Yandex.Money.
English entrepreneurMichael Aldrich invented online shopping in 1979.[2][3] His system connected a modified domestic TV to a real-time transaction processing computer via a domestic telephone line. He believed thatvideotex, the modified domestic TV technology with a simple menu-driven human–computer interface, was a 'new, universally applicable, participative communication medium — the first since the invention of the telephone.' This enabled 'closed' corporate information systems to be opened to 'outside' correspondents not just for transaction processing but also for e-messaging and information retrieval and dissemination, later known as e-business.[4] His definition of the new mass communications medium as 'participative' [interactive, many-to-many] was fundamentally different from the traditional definitions ofmass communication andmass media and a precursor to the social networking on theInternet 25 years later.
In March 1980 he went on to launch Redifon's Office Revolution, which allowed consumers, customers, agents, distributors, suppliers and service companies to be connected on-line to the corporate systems and allow business transactions to be completed electronically in real-time.[5]
During the 1980s[6] he designed, manufactured, sold, installed, maintained and supported manyonline shopping systems, using videotex technology.[7] These systems which also provided voice response and handprint processing pre-date the Internet and theWorld Wide Web, theIBM PC, andMicrosoft MS-DOS, and were installed mainly in the UK by large corporations.
The firstWorld Wide Web server and browser, created byTim Berners-Lee in 1990, opened for commercial use in 1991.[8] Thereafter, subsequent technological innovations emerged in 1994:online banking, the opening of an online pizza shop byPizza Hut,[8] Netscape'sSSL v2encryption standard for secure data transfer, and Intershop's first online shopping system. Immediately after,Amazon.com launched its online shopping site in 1995 andeBay was also introduced in 1995.[8]
Due to slow adoption and high competition, there is currently no one standard online wallet that is universally accepted.[9] The acceptance of the online wallet as a form of payment varies based on both individual store policy and the type of online wallet being used. For example,Google Wallet can be used atMasterCard Paypass locations within the United States.[10] Conversely,Bitcoin, while accepted internationally, is much less frequently accepted, due in part to its connection to illegal websites likeSilk Road (marketplace).[11] Bitcoin can also be held in an onlinecryptocurrency wallet. It is predicted that in the near future, as the use of online wallets increases, consumer attraction to specific technologies will reduce the number of specific online wallets.[9]
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