● Bharat Interface for Money (BHIM) is a UPI based payment interface. Hence statement 1 is correct. ● Developed by National Payments Corporation of India (NPCI). Hence statement 2 is correct. ● Allows real-time fund transfer. ● Launched in December 2016. ● BHIM apps have three levels of authentication: Hence statement 3 is not correct. ◦ For one, the app binds with a device’s ID and mobile number. ◦ Second, a user needs to sync whichever bank account (UPI or non-UPI enabled) in order to the conduct transaction. ◦ Third, when a user sets up the app they are asked to create a pin which is needed to log into the app. → The UPI pin, which a user creates with their bank account is needed to go through with the transaction.