There is a public conception of a large risk being associated with the use of credit card and debit card payments, but this risk is, in reality, misfounded. What risk does exist primarily lies with the banks rather than members of the public. In any event use of encryption technology can reduce this risk to an insignificant level. Any residual risk can be removed altogether by changes in the law to protect consumers who use debit cards in the same way as consumers who use credit cards are protected. Internet business is international by its very nature.
Business moves to the countries of least risk.
Within the Western world, that means the countries with the least regulation. Inevitability, this also means countries of least tax and least overheads. Nevertheless, because of its blandness, it is equally impossible to say that it does not promote e-commerce. It clearly does. The real issues are however simply not dealt with, or not dealt with sufficiently vigorously.