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What Does OTP Mean? | OTP Meaning In Bank

What Does OTP Mean? | OTP Meaning In Bank


OTP meaning in bank What does OTP Mean



In the banking field, OTP has two different meanings. 


First Meaning Of OTP:

OTP is an acronym that stands for One Time Password.

It is typically used to complete an online transaction by signing in to your account. 

When you conduct an online transaction, after entering your PIN and card information, another window will appear, asking for the OTP, which will be sent to your registered mobile number. 

Your transaction will be completed once you enter the OTP.



Second Meaning Of OTP:

Secondly, there is a bank Group known as the 'OTP Bank Group.' 

It is one of the largest independent financial service providers in Central and Eastern Europe - offering a comprehensive range of banking services to both private individuals and corporate clients. 

In general, the OTP Group is made up of a large number of subsidiaries that provide services in the fields of insurance, real estate, factoring, asset management, investment, pension funds, and so on.


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