Read the following statements related to UPI Transactions:UPI or Unified Payments Interface transactions surged nearly six times in the year to June 30, 2019.In value terms, UPI transactions soared nearly eight times during the year, according to RBI data.Instant payment system UPI is developed by the National Payments Corporation of India (NPCI), which is regulated by the Reserve Bank of India.Which of the above statements is/are correct?

• A. Both 1 and 2
• B. Both 1 and 3
• C. Only 2
• D. Both 2 and 3
• E. All are correct