E-commerce in Nepal: Current Situation and Future Scope

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   E-Commerce in Nepal: Current Situation and Future Scope

         E-commerce Business in Nepal is growing rapidly like a fire in the forest with certain difficulties and hurdles. Despite of hurdles there is a huge scope of e-commerce Business in future if certain difficulties are to be solved. In this blog, I have discussed about the difficulties and opportunities in E-commerce business.

E-commerce background

                In the present world everything is in the internet. You want to buy mobile,laptops,television anything you want just go through internet you will surely get it. World totally started relying in the internet. Even if you don't like the thing you bought just now through internet you can surely get your money back as well. This is how E-commerce business has already covered the world. Any thing can be bought over internet with either online payment or cash on delivery.

Situation of E-commerce in Nepal

                  As per growth of e-commerce in foreign land its obvious that in Nepal also e-commerce business is growing but still it has not come up-to the point it was meant to be. Many obstacles are there which i will be mentioning in the following paragraph. Many of us are aware or not but most of the buyer from internet in Nepal usually order through social sites like Facebook or Instagram where you can only order but not online payment. Payment can be done only after we receive what we order i.e cash on delivery.

Difficulties of E-commerce in Nepal

                   Talking about the difficulties of e-commerce in Nepal here i have listed some of the main problems 

• Lack of awareness: With lack of basic computer knowledge with major of Nepal's population there is lack of awareness among them that there exists a world where you can get everything online just by using simple e-commerce sites. I think knowledge must be spread out and people must be known about the facilities.

• Trust issue: Now there comes a point where a guy who is familiar about e-commerce business steps back due to trust issue. Trust for what? Trust to get genuine products,trust to get product at cheaper rather than costly. 

• Payment gateway: Now main problem about e-commerce business in Nepal is facing is payment gateway. Let me tell you briefly about payment gateway. Payment gateway is nothing more than paying the price of goods online. In Nepal we don't have system where we could pay online. We are even restricted for doing the international shopping. Until and unless our country's responsible people take a  step forward and help dealing with a bank for legal and secure process of payment gateway we Nepalese still have to dream about international shopping. Soon or later it has to come so why not early?

• Lack of competitors: When there is no competition at all its obvious that the price will be high.Reason for less competitor is people not taking initiative and lack of risk bearing capacity. It is believed that in Nepal online shopping is expensive and people rather prefer to go in shop and buy rather in internet.

Scope or Future of e-commerce in Nepal

                   The future of e-commerce business in Nepal is very much brighter. When after finally payment gateway's problem is solved then there start's the rise of scope of e-commerce in Nepal. Since people already have started taking innovative idea of creating a online wallet system through which we are enabled to do many online shopping and online marketing at least locally within the country. There will be many e-commerce sites through which people will be benefited with many aspects. Use of technology will grow rapidly where even we Nepalese can be a creator in technology field as well which is totally in the minimal volume in the present context. I hope technology will grow so rapidly that even groceries will be possible to do online. It's not that wallet system hasn't brought change in e-commerce in Nepal. Obviously people has done good job after creating wallet but still wallet is not enough for international shopping. Until payment gateway's problem will be solved we Nepalese still have to rely on what we have i.e wallet like eSewa, Goji, Khalti, etc.  

Recommendation for E-commerce

               Today or tomorrow anyhow  the problem of payment gateway will be solved. It's not and never that there will be no payment gateway but till the problem is solved i would like big name and fame companies to start a bright initiative ideas and sites for e-commerce in Nepal which would bring the revolution in Nepal at the field of technology. Let big companies keep we Nepalese so fast forward and used to with technology that other people from foreign land would take a example of Nepal and try to be like us.