Why E-Commerce has become so important in recent days of demonetisation and
replacement of currency. Write three points.

Introduction:
E-commerce, also known as electronic commerce, refers to the buying and selling of goods and services over the internet. In recent years, especially during the period of demonetization and currency replacement, e-commerce has become increasingly important. This is due to several factors that have contributed to its growth and relevance in the current economic landscape.

1. Digital Payments and Cashless Transactions:
With the demonetization and replacement of currency, the availability of physical cash became limited. This led to a surge in digital payments and cashless transactions. E-commerce platforms played a crucial role in facilitating these transactions by providing a secure and convenient online payment system. Customers could easily make purchases using various digital payment methods, such as credit cards, debit cards, mobile wallets, and net banking. E-commerce platforms acted as intermediaries, ensuring seamless and safe transactions between buyers and sellers. This shift towards digital payments significantly boosted the importance of e-commerce during the demonetization period.

2. Convenience and Accessibility:
During the demonetization phase, people faced difficulties in accessing physical stores due to the shortage of cash and long queues at banks. E-commerce emerged as a convenient alternative for consumers as it offered the flexibility to shop from anywhere and at any time. Online shopping eliminated the need for physical cash and allowed customers to make purchases using digital payment methods. Moreover, e-commerce platforms provided a wide range of products and services, offering customers a vast selection to choose from. This convenience and accessibility offered by e-commerce platforms made them indispensable during the demonetization period.

3. Promoting Digital India and Financial Inclusion:
The demonetization drive aimed to promote a digital economy and enhance financial inclusion. E-commerce played a significant role in realizing these objectives. By encouraging digital payments and cashless transactions, e-commerce platforms contributed to the government's vision of a Digital India. These platforms facilitated financial inclusion by enabling individuals who previously had limited access to banking services to participate in online transactions. E-commerce platforms also collaborated with various financial institutions to provide easy access to credit and financing options for customers. Through these initiatives, e-commerce became pivotal in driving the adoption of digital technologies and promoting financial inclusion.

Conclusion:
E-commerce has become increasingly important during the demonetization and currency replacement period due to its role in facilitating digital payments and cashless transactions, providing convenience and accessibility to customers, and contributing to the promotion of a Digital India and financial inclusion. As the world continues to embrace digital transformation, e-commerce is expected to remain a vital component of the modern economy, shaping the way people buy and sell goods and services.