Fintech & Information Technology Sector

Nepal’s fintech and information technology sector is experiencing rapid advancement, driven by increased digital adoption, technological innovation, and strong interest from both local startups and global investors. As mobile banking, digital wallets, artificial intelligence, blockchain applications, cloud computing, software development, and digital platforms continue to transform the economy, the legal and regulatory ecosystem has become increasingly complex. Bhandari Law offers specialized legal services designed specifically for this sector, ensuring that fintech companies, IT startups, digital service providers, outsourcing firms, and technology investors can operate smoothly within Nepal’s evolving legal framework.

 

Bhandari Law assists fintech and IT companies with obtaining the required regulatory approvals and meeting compliance obligations. We support clients in navigating Nepal Rastra Bank (NRB) regulations for payment service providers (PSPs), payment system operators (PSOs), and digital financial service providers. For IT companies, we provide guidance on software registration, ICT licensing, cybersecurity standards, and compliance with the policies of the Ministry of Communications and Information Technology. Our services include preparing license documents, developing internal policies, assisting with inspections, and ensuring comprehensive regulatory compliance for both fintech and IT-based business models.

 

Commercial contracting and technology transactions are central to our practice. Bhandari Law drafts, reviews, and negotiates a wide range of tech-related agreements, including software development agreements, SaaS contracts, IT outsourcing agreements, system integration contracts, cloud service agreements, data-sharing agreements, and fintech partnership documentation. We ensure that these contracts clearly define rights, responsibilities, risk allocation, intellectual property ownership, confidentiality standards, and service levels. Our approach helps businesses minimize disputes, protect their technological assets, and scale responsibly in competitive digital markets.

 

As fintech and IT sectors handle highly sensitive personal, financial, and operational data, data protection and cybersecurity compliance have become critical priorities. Bhandari Law advises companies on Nepal’s data privacy laws, cybersecurity policies, and digital governance requirements. We prepare privacy policies, data-processing agreements, cybersecurity protocols, and internal data-governance frameworks to help companies safeguard their digital environment. Our team also guides clients on international best practices for data protection, cross-border data transfers, user consent mechanisms, encryption standards, and breach-response obligations.

 

Dispute resolution and regulatory enforcement support form another major part of our services. Bhandari Law represents fintech and IT companies in disputes related to software contracts, technology failures, partnership disagreements, cyber incidents, intellectual property violations, and regulatory actions. We appear before courts, arbitration tribunals, and administrative bodies to resolve conflicts efficiently and strategically. In addition to litigation, we help clients develop preventive strategies, internal grievance redressal mechanisms, and risk-management systems to ensure smooth business continuity.

Beyond legal compliance and dispute resolution, Bhandari Law actively contributes to policy development, digital governance reforms, and sectoral advocacy in Nepal’s fintech and IT sector. We engage with government authorities, regulatory bodies, industry associations, and international organizations to support the creation of modern, innovation-friendly legal frameworks. Our team provides expert input on draft laws, participates in consultation processes, and advocates for policies that promote technological growth while ensuring security and consumer protection. By offering training programs, regulatory workshops, and digital-risk assessments, Bhandari Law empowers businesses to thrive in a rapidly evolving technological landscape.