With reference to digital payments, consider the following statements : 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication. Which of the statements given above is/are correct ?
a
1 only
b
2 only
c
Both 1 and 2
d
Neither 1 nor 2
Digital Payments & Financial TechnologyBHIM App & Digital SecurityBHIM appUPI-enabled bank accountchip-pin debit cardfactors of authenticationdigital paymentsNPCI