Are Nepalese Businesses Digitally-Enabled?

Are Nepalese Businesses Digitally-Enabled?

When the world is experimenting augmented reality, the Internet of things and other latest technology trends, Nepalese businessess are still embracing traditional pen and paper approach to manage their business. However, there are some that are showing their inclination towards digital products and services. Over the past few years, there has been a rapid emergence of Nepalese companies that employs innovative ideas and unique organizational structure as their core business competency.

Innovative Internet-based company in Nepal

Digital wallets like Esewa and Khalti has also revolutionized the payment process in Nepal. The basic aim of such a product is to make customers’ transaction simple and hassle-free. They are solving the problem of both financial institutions and end-user; a win-win situation for both parties.

We can take an example of an online rideshare app in Kathmandu called “Pathao”, which is providing the facility of transportation through the motorcycle. This Dhaka-based transportation company is providing shared-ride to its customers, thereby helping them save money and time.

E-commerce sites are also rapidly growing in Nepal. Daraz, sastodeals and other shopping sites are providing Nepalese customers an easy reach to millions of products. one doesn’t need to travel for a retail shop anymore, click and purchase- so easy.

Ebeema is another beautiful idea to digitize the insurance policy. Instead of hectic form fill-up, continuous visit and unwanted phone calls, one can simply do everything online with the assistance of experts at this company.

Antrapreneur is also a unique concept which helps starts-up to properly understand their business environment. They provide training and consultation to students and others who are attracted to entrepreneurship. 

The progress we are making in the digital world is noticeable. Startup companies are coming up with innovative ideas to enhance their business productivity and overall customer experience. They are well aware that their prospective customer and target markets are not limited by geography. Foreign companies are providing them project-based jobs which have helped positively to boost the national economy.

However, there are thousands of companies in Nepal who are unknown to the digital world. Their digital touch is still limited to social media ads and campaigns. Making them understand the power of software application, corporate website, referral marketing, business automation, and influencer marketing is essential to achieve a bigger goal of making Nepal a digital success.

These traditional companies are deeply rooted in their structure and process that they are reluctant to any changes in their working pattern. They are not familiar with business automation software and doesn’t want to employ one. There is no such thing as intrapreneurship in them. The culture needs to be developed. If Nepalese business aims to compete with global players then they should prepare for it right from today.

 Undoubtedly, Our generation has witnessed the largest technological inventions than anyone ever before. The question is, will we be able to make best out of it?