Question

Define the term factory and occupier used in factory act 1948

Answer 1

Making them vulnerable to theft and street frauds. Even access to bank locations for conducting transactions like cash deposit, check cashing, money order and funds transfer may come at high costs in terms of banking fees. Fintech, telecommunication and banking institutions are working hand-in-hand to create mobile payment and microlending facilities for financially underbanked users. Numerous online payment and commerce systems incorporated with cellphones have been built to facilitate the ease with which this underserved population can immerse themselves in the digital economy. Examples of popular apps that have been created to foster financial inclusiveness include China’s AliPay and India’s Paytm Wallet, serving 450 million and 122 million users in 2016, respectively.