4. With reference to the Payment Aggregators and Payment Gateways, which of the statement(s) given below is/are correct?
- 1.Payment Aggregators facilitate e-commerce sites and merchants in accepting payment instruments from the customers for completion of their payment while Payment Gateways are entities that provide technology infrastructure to route and facilitate processing of an online payment transaction.
- 2.A Payment Gateway allows the merchants to deal in a specific payment option put on the portal, whereas a Payment Aggregator allows one to have multitudes of options for payment.
Select the correct answer using the code given below: