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Laxmi Bank

Laxmi Bank and UKaid Skills for Employment (सीप) Programme’s partnership is poised to accelerate the country’s shift towards digital finance and better harness the benefits of migration.

Building its experience with financial innovations, the Bank is modifying and expanding technology-based financial products and forging collaborations with key institutions in the national and international migration system to directly and better reach and service target Nepalis. The Bank is drawing on its prior experience to re-engineer its value proposition: refining the use of block chain technology by integrating an Application Programming Interface (API) platform to make loan against remittance and other financial services more accessible and affordable; with increased focus on migrant households in Provinces 2 and Lumbini Province—targeting migrants working in, and traveling to, Dubai and Malaysia corridors. (Read more...)