Two-Factor Authentication

byPaytm Editorial TeamLast Updated: August 19, 2025

Meaning

Two-Factor Authentication (2FA) is a security process that requires two verification steps to complete a transaction.

How It Works

Along with entering a password, users need an OTP, biometric, or security PIN to confirm their identity.

Advantages

  • Extra layer of security
  • Protects against unauthorized access
  • Widely used in banking and digital payments

You May Also Like

NPS (National Pension System)Last Updated: November 14, 2025

Full Form & Meaning Full form: National Pension System. NPS is a government-backed retirement savings plan that allows…

Money Transfer AppLast Updated: August 12, 2025

Meaning A Money Transfer App is a mobile application that allows you to send and receive money instantly…

Smart POS (Point of Sale)Last Updated: August 19, 2025

Definition POS stands for Point of Sale. A Smart POS is a modern payment device that supports card,…