Consider the following statements regarding Payments Regulatory Board of India (PRBI).

1. Ratan Watal committee on Digital Payments had recommended that the Reserve Bank should stay as the regulator for SIPS (systemically important payment system) and a separate body should be created for retail payments.

2. It will be formulated under the Payment and Settlements Act 2007, to resolve disputes, ensure customer protection, check any foul play by dominant players, look at interoperability of digital transactions etc.

3. The board would be under the Reserve Bank of India (RBI).

4. The proposed board will have the Reserve Bank governor as the chairperson, along with a deputy governor in charge of payments as member.

Which of the statements given above is/are correct?