With reference to digital payments,
consider the following statements:
BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
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