• The provision of financial services and markets using electronic communication and computation.
• eFinance is about web-enabling everything that the finance function does - staff expense claims, sales orders, invoice payments, financial information - all available using web technology. (Pareek, 2004)
• It can be defined as a provisioning of financing instruments to business organizations using electronic tools and technology for the lengthwise process and this incorporates the use of electronic channels for mobilizing e-finance services and electronic methods to set up proper finance conditions and deal with the risk related to the finance itself. E-finance in simple words is use of Internet and technologies in financial services. It has enabled the people to have any financial transactions without any human interaction