Is OTP Required for Online Payments? Understanding Security Measures

Learn why OTP is essential for secure online payments and how it protects your transactions from unauthorized access.

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OTP is generally required for online payments as an added layer of security. It ensures that the person making the transaction is the authorized cardholder. By entering the OTP sent to your registered mobile number or email during the transaction, you confirm your identity, which helps prevent unauthorized use of your card or account.

FAQs & Answers

  1. What does OTP stand for? OTP stands for One-Time Password, a security feature used in online transactions.
  2. Why is OTP necessary for online transactions? OTP adds an extra layer of security by verifying that the transaction is being initiated by the authorized user.
  3. How do I receive an OTP? You receive an OTP via SMS to your registered mobile number or through your email during the transaction process.
  4. What should I do if I don't receive my OTP? If you don't receive your OTP, check your network connection or contact your bank's customer service for assistance.

Watch More

For more insights on online payment safety and security measures, explore our other videos on e-commerce best practices and fraud prevention techniques.

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