Which of the following statement(s) is/are correct about the ‘National Payments Corporation of India Limited’?
- NPCI is an umbrella organisation for operating retail payments and settlement systems in India.
- It is an initiative of the Reserve Bank of India and Indian Banks’ Association.
- It has been incorporated as a ‘Not for Profit’ company under the provisions of Section 25 of the Companies Act.
- BHIM App is developed by the NPCI itself.