{"id":17037,"date":"2025-02-04T10:43:00","date_gmt":"2025-02-04T10:43:00","guid":{"rendered":"https:\/\/sinchimportfinal.local\/blog\/one-time-password\/"},"modified":"2025-03-26T06:06:42","modified_gmt":"2025-03-26T06:06:42","slug":"one-time-password","status":"publish","type":"blog","link":"https:\/\/sinch.com\/blog\/one-time-password\/","title":{"rendered":"What is a one-time password (OTP)? Features and benefits explained"},"content":{"rendered":"\n

In a world where fraud is all too common, wouldn\u2019t it be great to have a simple way to know you\u2019re talking to the right person? As more of our lives happen online, the need for easy and reliable identity verification<\/a> is more important than ever.  <\/p>\n\n\n\n

One-time passwords (OTPs)<\/strong>, also known as one-time passcodes or a one-time PIN, add a layer of security to verify and protect users worldwide. With mobile security in high demand, the global multi-factor authentication (MFA) market is projected<\/a> to be valued at $34.8 billion by 2028, as compared to $15.2 billion in 2023.  <\/p>\n\n\n\n

OTPs are a straightforward, cost-effective solution for organizations to verify and protect their customers\u2019 and employees\u2019 personal information. If you want to learn how to instantly verify your customers from anywhere in the world while saving time and money, this guide is for you.<\/p>\n\n\n\r\n\t

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