Digital Economy

Nepal's e-commerce scene is exploding, but a lack of specific regulations is holding it back. The government's draft e-commerce bill aims to change that. This new legislation promises to create a secure and fair online marketplace for businesses and consumers.The bill introduces clear rules for online contracts, cancellations, and product guarantees. It also emphasizes consumer protection through diverse payment methods, transparent delivery timelines, and penalties for non-compliant sellers. The bill opens doors for Nepali businesses to reach global markets by aligning with international standards.The draft e-commerce bill is a crucial first step, but it's not the only factor. Building a thriving e-commerce ecosystem requires government, businesses, and consumers collaboration. Investing in infrastructure, technology, and public awareness will be essential for Nepal to ride the e-commerce wave and become a regional leader in the digital economy.

Nepal's digital landscape is undergoing a rapid transformation. With internet penetration exceeding 77%, e-commerce has emerged as a significant driver of economic growth. However, this burgeoning online marketplace requires a robust legal framework to ensure its smooth and secure operation. This article delves into the current state of e-commerce law in Nepal, highlighting its limitations and the potential solutions offered by the draft e-commerce bill.