Convergence of money, commerce, computing and networks has laid the foundation for electronic commerce. Effraim Turban Jay E. Arunson and Ting pang Liang (2006) narrate the various applications related to e-commerce. Many large organizations used to make use of the application electronic fund transfer (EFT) for electronic fund fund transfer. Another application electronic data interchange (EDI) has been used for direct exchange of documents from one business computer systems to another. Communications through internet and introduction of the web sites during nineties have led the applications related to electronic commerce to make rapid progress. The year 2000 has witnessed many dotcom companies going out of business. As a consequence to this electronic commerce was affected. Due to globalization policy followed by many countries across the globe the applications related to electronic commerce have started gaining momentum from 2003. Now many organizations irrespective of the size of their organizations have been making use of electronic commerce applications. In the present business scenario, it may be noted that e commerce business models are being developed for various segments of business and industries. These models can be classified under three purposes such as organization purpose, people oriented and society purposes.. The advancement in mobile communications have made mobile commerce (m- commerce) popular. m-commerce can be considered as one or more features in e commerce. Mobile commerce is the successor of today’s PC based e-commerce. Two more concepts are emerging under electronic environment. They are space commerce and ubiquitous commerce (u-commerce). Commercial satellite systems are made use of developing system models in multiple domains such as health, education and business. Ubiquitous commerce focuses in the development of location based application software.