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Abstract
The advent of e-commerce is certainly made our lives better in many ways. E - Commerce is something which involves an online transaction. E commerce can be generally divided into two types that is E-merchandise and E-finance. The major contents of this are use of internet for ordering goods and services, online payment and transaction of money between banks. India is the second largest mobile market in the world and recent studies revealed that youth population of India spends around 70% of their time in internet and other related activities. The idea of “cashless economy” is a boost to E - commerce services in Indian context. Most of the financial services are also carried out online due to safe and fast transaction. Even though the usage of E - commerce services are constantly increasing, it is to be noted that majority of them are unaware of the risk it possess.