The explosive growth in Internet usage has made it an ideal means to conduct commerce.
Central banks worldwide are considering their positions with regard to electronic commerce, Internet banking and electronic money applications.
Globally, the financial services sector has been quick to embrace the Internet as an alternative delivery channel.
A new report from Rocsearch, ``Impact of E-Commerce on the Banking Industry`` focuses on the effects of Internet on the overall banking industry with special reference to the African Continent.