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?

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CollectorBabu · Accepted Answer

Correct Answer: 1 only. ● BHIM app is powered by UPI and integrates the Payments platform as the official app of the government of India. ● Debit card does not have four factor authorization and BHIM app has three factor authorization.

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