Explanation:

Both statements are incorrect.

The Better Than Cash Alliance

• United Nations, the Better Than Cash Alliance (BTCA) is a partnership of over 75 governments, companies and international organizations 
• Objectives: It is committed to accelerate the transition from cash to digital payments to advance the Sustainable Development Goals.
• India became a member of the Better Than Cash Alliance in 2015 to digitize payments to achieve financial inclusion and to share success stories from Pradhan Mantri Jan Dhan Yojana, the world's largest financial inclusion program. 
• Alliance is working with several state governments towards the goal of building knowledge and programs where people, governments, and businesses can make and receive digital payments.
• BTCA is funded by the Bill & Melinda Gates Foundation, Citi, Ford Foundation, MasterCard, Omidyar Network, U.S. Agency for International Development and Visa Inc. UNCDF serves as the BTCA Secretariat. BTCA is looking to expand in a number of SIDS. The total cost of the project is 38.2 million USD. 

Significance: The use of technology to transition from cash to electronic payments 

• reduces costs, 
• has the potential to increase transparency and accountability, 
• diminishes security risks, 
• enhances access to financial services for the poor and 
• can drive inclusive economic growth, with a potential for women economic development.

Hence option 4th is correct.