What is OTP and iOTP?

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OTP is a one-time password containing 4 characters, used to confirm banking transactions or online payment transactions. OTP is sent to customers via SMS of registered phone numbers while executing transactions to ensure the transaction is validated.

iOTP (fast OTP code) works like SMS OTP, this 4-character code is generated right in the Timo app, so you can make transactions even when you are abroad.”