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.

Question

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

Accepted Answer

(A) 1 only

Answer

(B) 2 only

Answer

(C) Both 1 and 2

Answer

(D) Neither 1 nor 2