Many banks and e-wallets have phased out OTPs for authentication, BSP says

MANY Philippine banks and electronic wallet operators have already moved away from text- and e-mail-based one-time passwords (OTPs) before the June 25 deadline to shift to more secure authentication measures to improve consumer protection, the Bangko Sentral ng Pilipinas (BSP) said. “Many are already implementing the enhancements in the lead-up to the deadline,” the central […]