Download E-Commerce Law (RA8792) in the Philippines: An Overview and Its Importance in the Future and more Slides Computer Security in PDF only on Docsity! GROUP 1
E-COMMERCE LAW
(RA8792)
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REPORTER: ALJON SABALO
DARWIN GAY
ACCEL CASTILLON
Aa MeN
JOHNRO GALABO
TABLE OF eae
CONTENTS
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WHAT IS E-COMMERCE APPLICATION OF E- THE IMPORTANCE OF E-
LAW (RA8792) COMMERCE COMMERCE IN THE
Une
SALIENT FEATURES OF
RA NO.8792 REFERENCE
GROUP 1
72
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APPLICATION OF E-
COMMERCE
The application of e-commerce, or electronic commerce,
is widespread across various industries and sectors,
transforming the way businesses conduct transactions
and interact with customers
GROUP 1 Online Retail (B2C): E-commerce enables businesses to sell products directly to consumers through online platforms. Consumers can browse, select, and purchase items from the comfort of their homes, and businesses can reach a global customer base. Business-to-Business (B2B): E-commerce facilitates transactions between businesses. Companies can engage in online procurement, order supplies, and conduct transactions with other businesses, streamlining the procurement process and improving efficiency. Online Marketplaces: Platforms like Amazon, eBay, and Alibaba serve as online marketplaces where multiple sellers can offer their products to a wide audience. These marketplaces provide a centralized location for buyers and sellers to connect. GROUP 1 Digital Payments: E-commerce relies heavily on digital payment methods, such as credit cards, digital wallets, and online banking. These secure and convenient payment options make transactions smoother for both businesses and consumers. Mobile Commerce (M-Commerce): With the increasing use of smartphones, mobile commerce has become a significant aspect of e-commerce. Consumers can make purchases, conduct transactions, and manage accounts using mobile devices. Electronic Banking: E-commerce has revolutionized banking, allowing customers to conduct various financial transactions online, including fund transfers, bill payments, and account management. E-Learning and Online Education: Educational institutions and platforms leverage e- commerce for online course enrollment, digital learning materials, and virtual classrooms. GROUP 1 Increased Connectivity: With the proliferation of smartphones and internet connectivity, more people are gaining access to e-commerce platforms. The increasing global connectivity is expected to contribute to the growth of online transactions and digital interactions. Emergence of New Technologies: Innovations such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) are enhancing the online shopping experience. These technologies are likely to play a significant role in shaping the future of e-commerce, providing immersive and personalized experiences for consumers. Integration of Social Commerce: Social media platforms are becoming more integrated with e-commerce, allowing users to discover, share, and purchase products directly through these platforms. Social commerce is expected to play a more significant role in driving online sales. GROUP 1
04,
SALIENT FEATURES OF
RA NO.8792
GROUP 1 Legal Recognition of Electronic Data: RA 8792 recognizes the legal validity of electronic data messages and documents, treating them with the same legal effect as their paper counterparts. Electronic Signatures: The law acknowledges the validity and enforceability of electronic signatures, provided they meet the criteria outlined in the legislation. This encourages the use of electronic signatures in electronic transactions. Retention of Electronic Data Messages and Documents: RA 8792 establishes guidelines for the retention of electronic data messages and documents to ensure their accessibility and usability for the required period. als) =O)
SLIDE
03.
REFERENCE
https://ecommercebootcamp.digitalfilipin
o.com/lesson/the-e-commerce-law/
https://www.lawphil.net/statutes/repacts
/ra2000/ra§]8792§]2000.htm!
https://www.britannica.com/money/e-
commerce
pa
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