Consider the following statements regarding the Bharat Bill Payment System:

1. It is a Reserve Bank of India (RBI) conceptualised ecosystem driven by National Payments Corporation of India (NPCI).

2. It is a one-stop ecosystem for all recurring bills providing an interoperable and accessible “Anytime Anywhere” recurring payment service to all customers across India.

Which of the above statement/s is/are correct?

1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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