Can Transactions Be Completed Without OTP Authentication?

Learn how to complete transactions without OTP using secure alternatives like biometric authentication.

336 views

Transactions without OTP can be done using alternative methods like biometric authentication, transaction passwords, or mobile banking apps. Ensure these options are set up with your bank to maintain security.

FAQs & Answers

  1. What are secure alternatives to OTP for transactions? Secure alternatives include biometric authentication, transaction passwords, and mobile banking apps.
  2. Is it safe to perform transactions without OTP? Yes, as long as you use secure alternative methods set up with your bank.
  3. What is biometric authentication? Biometric authentication uses unique physical characteristics, like fingerprints or facial recognition, to verify identity.
  4. How do transaction passwords work? Transaction passwords are unique codes created by users to authorize specific transactions in their banking apps.