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

BeneficiaryLast Updated: August 19, 2025

Meaning A Beneficiary is the person or entity who receives money or benefits from a transaction, insurance, or…

FASTagLast Updated: August 12, 2025

Definition FASTag is an electronic toll collection system operated by the National Highway Authority of India (NHAI). It…

Mobile BankingLast Updated: August 12, 2025

Definition Mobile Banking is a service that allows users to perform banking transactions using a mobile phone. It…

Auto DebitLast Updated: September 10, 2025

Meaning Auto Debit is a banking facility where money is automatically deducted from your account on a set…

Facial Recognition KYCLast Updated: August 12, 2025

Meaning Facial Recognition KYC uses your facial features to verify your identity digitally. It captures and matches your…

Robo-AdvisoryLast Updated: August 19, 2025

Definition Robo-Advisory refers to digital platforms that use algorithms and artificial intelligence to provide financial advice or investment…