July 24, 2025 1:26 PM
UAE Central Bank Mandates Phase-Out of SMS and Email OTP Authentication by March 2026
The Central Bank of the United Arab Emirates (CBUAE) has issued a directive requiring all financial institutions to eliminate SMS and email-based one-time password (OTP) authentication for customer transactions by March 31, 2026. This move, aimed at bolstering digital banking security, will affect b...