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Transcripts For BBCNEWS Worklife 20200124

And, staying safe online. The dating app tinder brings in a range of new measures to keep its 5 million users safe. Also, getting shirty would you buy a shirt specifically because it was meant to be worn untucked . Well speak to one company that thinks its got casual fashion all sewn up. Today we want to know, can you cope without cash . How do you feel about society going cashless . Let us know. Bbcworklife. Hello and welcome to worklife. We start with cash. The queen famously never carries it but neither, it seems, do a growing number of people around the world. Today researchers here in the uk are warning that the rise of Digital Payments could mean vulnerable groups, such as the elderly, less tech savvy, or less well off, get left behind. And they say a few Technology Firms could end up with far too much power over the economy. Take a look at some numbers. By 2018, just 28 of payments in the uk were in cash. That is forecast to fall to just 9 by 2028. Across the rest of europe, cas

ThitsaWorks was awarded the Monetary Authority of Singapore s Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant for Inclusive Cross-Border Remittances

SINGAPORE, Nov. 4, 2022 /PRNewswire/ ThitsaWorks, in partnership with INFITX (previously ModusBox) and Visa, was awarded the Monetary Authority of Singapore's Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 29-June-2022. The FSTI POC grant supports the experimentation, development, and dissemination of nascent innovative technologies in the financial services sector. While many remittance options exist for overseas migrant workers in Singapore, options to reach rural areas where many workers' families live are complicated, expensive, and slow. Additionally, friends and family who only have accounts with MFIs and rural banks cannot receive direct payments. Together with Rapyd and Lucy, ThitsaWorks, INFITX, and Visa have introduced the Inclusive Cross-Border Remittances Project to make remittances for Singapore-to-Philippines corridor more affordable and efficient. The project aims to connect small financial institutions to real-time payment net

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