Government Imposes Strict Regulations on E-commerce Operations
Summary
The Nepal government has introduced strict regulations for e-commerce businesses including mandatory registration, use of approved digital payment gateways, and strict data security measures.
Key Points
- The Ministry of Industry, Commerce and Supplies has mandated registration for all e-commerce platforms.
- E-commerce firms must use Nepal Rastra Bank approved digital payment gateways for transactions.
- Businesses are required to issue electronic invoices for cash payments and process refunds within seven days.
- E-commerce platforms must implement strong data security and privacy protections, ceasing operations if breaches occur.
