English

What is the purpose of an OTP (One Time Password) in online transactions?

Advertisements
Advertisements

Question

What is the purpose of an OTP (One Time Password) in online transactions?

Options

  • It acts as a temporary, personal code to double security

  • It saves your card information for future use

  • It shows your real balance

  • It replaces the need for a PIN

MCQ
Advertisements

Solution

It acts as a temporary, personal code to double security

Explanation:

OTP is a single-use code sent to you for each transaction, providing extra protection from fraud.

shaalaa.com
  Is there an error in this question or solution?
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×