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

Coupon RateLast Updated: December 12, 2025

Meaning & Definition Coupon rate is the annual interest rate paid by a bond issuer to bondholders. It…

QR Code PaymentLast Updated: September 16, 2025

Meaning QR code payment refers to making payments by scanning a Quick Response (QR) code using a digital…

Deen Dayal Antyodaya Yojana (DAY)November 3, 2025

Meaning Deen Dayal Antyodaya Yojana (DAY) is a flagship Indian government scheme designed for poverty alleviation. Overview DAY…

Term InsuranceOctober 20, 2025

Meaning Term Insurance is a fundamental life insurance product designed for financial security.Definition It’s a pure life cover…

PSP (Payment Service Provider)Last Updated: July 11, 2025

The full form of PSP is Payment Service Provider, a key player in the UPI framework that enables…

Grace PeriodNovember 7, 2025

Meaning A crucial window to fulfill financial obligations without immediate penalties.Definition A grace period is a set duration…