Consider the following statements with respect to the National Payments Corporation of India (NPCI):
1. It is an initiative of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA)
2. The organization functions under the provisions of the Payment and Settlement Systems Act, 2007.
3.BHIM Aadhaar Pay is a product of the National Payments Corporation of India (NPCI).
How many of the statements given above are correct?
1
Only one
2
Only two
3
All three
4
None