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Reverse auction the word itself states the reverse of auction. Auction is a process in which the person interested in buying a good bid for the same, in this the price of the good goes on increasing until the person with highest bid takes the good. In Reverse Auction, many sellers of goods and services compete among themselves for providing goods and services that a buyer requests for.

LSG is a global leader in the provision of e-billing, budget and litigation management software and services, focused on procurement services, budget tracking, cost optimization and legal services performance measurement.

E-commerce firm eBay has added support for Google's mobile payment platform Google Pay in a bid to intermediate end-to-end payments on its marketplace.