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Why is OTP important for e-Payment transactions?

Why is OTP important for e-Payment transactions?

The OTP code, or One Time Password, is created by the system for security in internet transactions by sending it as an email, SMS, or sending it to the application to verify the ownership of the account. Most of them are 6-digit numbers or letters with a very short duration of just a few minutes. If you enter the wrong code or enter it later than the specified time, the login will not be successful.

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Why is OTP important for e-Payment transactions?

Why is OTP important for e-Payment transactions?

The OTP code, or One Time Password, is created by the system for security in internet transactions by sending it as an email, SMS, or sending it to the application to verify the ownership of the account. Most of them are 6-digit numbers or letters with a very short duration of just a few minutes. If you enter the wrong code or enter it later than the specified time, the login will not be successful.

Read More >>