The research intended to establish the benefits
enjoyed and the challenges faced by commercial
banks in Kenya in their provision of e-commerce
products and services.
The early history of banking in the West can be
read as a story of the evolution of banks in the
process of meeting the needs of modern
commerce. Banks in Europe began as money
changers who specialized in accessing and
valuing the coins used in claim some credit for
their contribution to e-commerce. Commerce had
existed as early as the division of labor ushered
in by the agricultural revolution. But commerce
then had not stimulated the emergence of the
market centers (De Roover 1948; Lane and
Muller 1985; Summer 1971). In the early 13th
century, cities like Venice, Florence and Genoa
bloomed and grew to become economic and
cultural engines. These cities drove and
expressed new aspirations and ways of thinking