KATHMANDU: Laxmi Bank Ltd (LBL) and F1Soft International have signed an agreement for the execution of invoice discounting service through ‘QuikBhuktani’ platform. ‘QuikBhuktani’ is Nepal’s first online invoice discounting and reverse factoring platform developed by F1Soft, with support from UKaidSakchyam Access to Finance Programme.
Laxmi Bank shall provide the facility of invoice discounting in reverse factoring model to its clients through this platform, as per a press statement.
F1Soft shall take the responsibility of platform management and technical support. QuikBhuktani brings together buyers, suppliers and the bank in a secured web-based platform.
Using this platform, a supplier digitally issues invoice to buyer and the buyer approves it for payment w