OTP (One-Time Password)

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

The full form of OTP is One-Time Password. It is a temporary code sent to a user’s mobile or email for authentication during online transactions or logins.

Key Points

  • Valid for a short duration
  • Prevents unauthorized access
  • Used in banking, shopping, and secure logins
  • Delivered via SMS, email, or app notification

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

UPI ComplaintLast Updated: July 16, 2025

Meaning A UPI Complaint refers to a user-raised issue regarding a failed, delayed, or incorrect UPI transaction. It…

UPI Customer AuthenticationLast Updated: October 21, 2025

Definition UPI Customer Authentication verifies the user’s identity before completing a transaction. Methods Typically involves UPI PIN, device…

UPI Transaction ChargesLast Updated: October 21, 2025

Meaning UPI Transaction Charges refer to the small fees that may apply to certain types of UPI payments.…

UPI 123PayLast Updated: July 16, 2025

Meaning and Full Form UPI 123Pay is an offline UPI payment solution launched by RBI to help feature…

What is Minority InterestLast Updated: October 21, 2024

Understanding Minority Interest Minority interest is a portion of the subsidiaries that is not owned by the parent…