Q. Consider the following statements regarding India’s Unified Payments Interface (UPI):
1.Namibia has become the first African country to roll out a digital payments system based on India’s UPI.
2.UPI transactions are secured through two-factor authentication.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation:

  • Statement 1 is correct:  Namibia became the first African nation to adopt a UPI-based digital payments system, expanding India’s digital payments footprint globally.
  • Statement 2 is correct: UPI ensures secure digital fund transfers through two-factor authentication, which usually involves device binding and an MPIN (Mobile Personal Identification Number).

Source- HT

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