Technology

Unlock the Secrets of Fast, Simple, and Secure OTP Retrieval on Mobile Devices in Just a Few Steps

How to get OTP code is a common search nowadays. When doing online transactions, users are often required to enter an OTP code. Understanding how to get an OTP code helps you make transactions quickly and safely. Refer to FPT Shop's detailed instructions in the article below.

Administrator

29 April, 2024

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What is OTP code?

OTP code (One Time Password) is a type of “password” that is sent via SMS to a mobile phone. Each OTP code is used only once to authenticate a transaction.

Using OTP verification helps you prevent and reduce the risk of being hacked if your password is leaked or hacked. The code consists of a series of digits from 4 to 6 characters that are automatically generated and sent to your phone number.

As the name suggests, the OTP code is only used to authenticate a transaction once. Even after about 30 seconds to 2 minutes, this verification code will expire. Therefore, you can’t use this OTP code for any other transaction.

What are the popular types of OTP today?

SMS OTP

SMS OTP is commonly used at many banks in Vietnam. Users will receive a text message containing the OTP from the bank sent to the phone number they have registered before. For example, when confirming an online payment transaction via a domestic ATM card, you need to enter the OTP sent to your phone to complete the transaction.

Smart OTP

Smart OTP is an abbreviation for “Smart One-Time Password”. This is a two-factor authentication (2FA) method that is applied to enhance the security of online accounts and transactions. One factor is the user’s login password and the other factor is an OTP (One-Time Password) sent to their device.

Smart OTP is a software application that is installed on a mobile device. The app allows users to retrieve verification codes from Smart OTP without having to wait for a message from the bank.

Things to keep in mind when using OTP code

In the context of increasingly sophisticated online fraud today, you need to be aware of the following when using the OTP code:

Never share your OTP with anyone else.
Never enter your OTP from unknown links.
Set a password for your phone to avoid revealing the OTP during the transaction.
If you accidentally lose your phone, contact the bank immediately to suspend sending OTP messages.

Instructions on how to retrieve OTP code easily and quickly

OTP is currently commonly used in two forms: SMS OTP and Smart OTP. Depending on the form, there are different ways to retrieve the OTP code. Here are detailed instructions on how to retrieve OTP from FPT Shop for your reference.

How to get SMS OTP

The SMS OTP application works automatically without the need for prior activation. When you transact on Internet Banking, the OTP code will be automatically sent to your phone number as follows:

Step 1: After logging into the Internet Banking or Mobile Banking application, you proceed to login to your account > Click on the money transfer function and enter relevant information such as account number, beneficiary name and amount to be transferred > Then click OK.

Step 2: The system will ask you to enter the OTP code > You click the “Get OTP code” button. Immediately after that, an OTP verification code will be automatically sent to your phone number. This code consists of a string of 4 to 6 digits. You just need to enter this code to complete the transaction.

How to get Smart OTP

To use the method of getting Smart OTP code, you need to register for Mobile Banking service with the bank after successfully opening an account. The steps to do this are as follows:

Step 1: Log in to the Mobile Banking Application > Click on Smart OTP > Click on Register for Smart OTP > Enter verification code to confirm correct information.

Step 2: Click the “Enter OTP code” verification button sent by the bank via registered SMS > You must enter the correct OTP to complete the registration process.

Step 3: When making a transaction, you must enter your password to retrieve the OTP code > When the OTP code displays, you just need to click OK to complete the transaction.

Conclusion

Above is detailed information on how to retrieve OTP code easily and quickly for your reference. You should equip yourself with all the ways to get OTP to increase your ability to protect your personal information and assets safely.

Frequently asked questions

There are two popular types of OTP codes in use:

1. SMS OTP: Commonly used by banks in Vietnam, this type of OTP is sent as a text message to the user’s registered phone number. It is often used for online payment confirmations.

2. Smart OTP: Smart One-Time Password is a two-factor authentication method. It requires the user’s login password and an OTP sent to their device. It is installed as an application on mobile devices, allowing users to retrieve verification codes instantly.

OTP codes are a secure way to protect your online transactions, but there are a few things to remember:

1. Never share your OTP with anyone.

2. Avoid entering your OTP on unknown or suspicious links.

3. Set a password for your phone to keep your OTP secure during transactions.

4. If you lose your phone, contact your bank immediately to suspend OTP messages.

There are two main ways to retrieve an OTP code:

1. SMS OTP: After initiating a transaction on Internet Banking, the OTP code will automatically be sent to your registered phone number. Simply enter this code to complete the transaction.

2. Smart OTP: Register for Mobile Banking with your bank after opening an account. Install the Mobile Banking app and follow the registration process for Smart OTP. During transactions, enter your password to retrieve the OTP code.