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

Base RateLast Updated: August 19, 2025

Definition The Base Rate is the minimum interest rate set by the Reserve Bank of India (RBI) that…

UPI App SecurityLast Updated: October 21, 2025

Meaning UPI App Security refers to the safety measures built into UPI applications to protect user data and…

Lending TechLast Updated: August 12, 2025

Meaning Lending Tech refers to the use of technology in the lending process to make borrowing faster, easier,…

Micro ATMLast Updated: August 12, 2025

Meaning A Micro ATM is a small, portable device used by banking agents to provide basic banking services…

Merchant UPI QRLast Updated: July 10, 2025

Introduction Merchant UPI QR is a QR code assigned to a business to receive digital payments via UPI…