OTP: What is the meaning of OTP?

As a tech savvy, I most times get questions relating to OTP from people around me either when they are filling a form online, signingup, login or do payment related transactions online.

In this post I will simply tell you the meaning and the uses.

OTP: What is the meaning of OTP?

OTP simply means One Time Password. And its used to reduce compromising of the normal reuseable password in a secured platform like online payment etc.

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If one one gets your One-Time Password now and attempt reusing it another time it won’t work because it expires once its used ones and that feature made it a saver version of reuseable password.

It is the basic technology behind “Token Device” used by banks for internet banking and online payment security.

NOTE: Out side the above context it could also mean On the phone, One True Pairing and so on.

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Olasunkanmi Fakeye

Passionate and experienced Blog Consultant, Trainer and Mentor. Also a Web Design/Dev., Digital Marketing and VAS Consultant with wealth of experience in Web Admin and Social Media success (builds Real Followers for Biz,Celebs,Brands etc. on Twitter and Instagram +FB likes)... Twitter: @Oskaaay (Over 50,000 Real Followers) Instagram: @Oskaaay (over 9,000 RF) Phone: +2347066052228

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