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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    What does OTP mean?

    What does OTP mean?

    Published by Gbaf News

    Posted on January 23, 2018

    Featured image for article about Top Stories

    Term OTP is not something which is new to us. We know that OTP stands for One Time Password, but no, this is not the only meaning that OTP has, if we go by what the slang says, then OTP is the short form of the fictional thing. Those who read a lot or watches the Sitcoms or shows may be familiar of the another meaning of OTP, but not all of us. So, we are trying to keep you people updated of all the other meaning of OTP through this article. To those who are into a fandom must know the importance of word OTP. If in case, you are not aware of it, then let me explain you that OTP is the prominent element which represent the emotions related to fandom in single word.

    Meaning of the OTP

    OTP stands for ‘One True Pairing’, now you might be thinking that what does One True Pairing means? So, let me tell you that this word was invented by the fandoms, in order to describe the favourite couples or couple of them. Word through suggests one, but it is not necessary that you limit yourself to the one single couple. You are free to ship multiple pairing. When it comes OTP, you are free to choose the couple of your choice, which means it is not mandatory that the couple you like is surely pairing together in a movie or are shown together in a book.

    Meaning of OTP on Facebook

    OTP stands for One True Pairing, which is widely used on Facebook by the users who want to show the two people, especially in the work of fiction or in the fandom, who they believe could make the extraordinary couple. Sometime a person would like to tell that who could be their OTP. There is also a possibility that a person may link up the two big names from any field, or they can also create the anecdotal character, or consider a celebrity as their One True Pairing. So, this means that OTP does not only represent the romantic relationship, but it also defines the relationship shared by the friends, brothers, or two people who just like to be around each other be it in non-romantic way or in romantic manner.

    Meaning of OTP and its Benefits in terms of Banking

    OTP in banking is used generally to make the online transaction, by signing in to your account. When you are doing the online transaction and once your pin as well as card details are entered, you will notice that another window will open up, this window will ask for the OTP, sent to the registered mobile number of yours. After entering the OTP your transaction will get complete.

    Advantages that an OTP have in Banking are listed below:

    1. OTP generated will differ for every login. OTP that is used once, cannot be used again
    2. If someone got to know the OTP by any means, it is not going to be of any use for them
    3. OTP that is generated gets expired within certain time period, based upon the configuration of the token. If you are using the token after that set time duration, the OTP is not going to work
    4. Anyone who is using same password for various systems, can be attacked easily, if someone get to know about their password. Whereas, if someone has the OTP, he or she won’t be able to get access to the account.

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