UPSC CSE Prelims 2018 Q28 — Science & Technology PYQ with Answer

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?