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SMSLAB: Best OTP SMS Service Provider for Secured Transactions

The internet is a place having a lot of possibilities. The most difficult part that businesses find is to secure the online privacy of the users. Businesses store a lot of data online including user data, business data, and other confidential data. Now, most of the business website include online transactions. Online transactions deal with sending and receiving money. For online transactions, SMSLAB is the best OTP SMS service provider and Bulk SMS Gateway Provider in India for your business.

Most of the time, people end up buying the products or services from businesses through online transactions. The process of the online transaction includes getting the credit card or debit card information of the user.

OTP SMS service provider for securing the financial transactions

As the number of online transactions has increased exponentially after the digital revolution, there is a huge pressure on banks, financial institutions and businesses to secure the transactions against hackers and cybercriminals. The customer credentials and bank account information safety is the paramount concern for the businesses.

As we are heading towards becoming a cashless economy, there is increased usage of the cards for online transactions. This has speeded up the transaction processes. Now, people can send and receive money via smartphones also without any delay. Most of the mobile banking transactions use authentication such as installing the bank app, logging into it with the username and password as well as OTP authentication for two-way authentication. SMSLAB is the best OTP SMS service provider and Bulk SMS Gateway Provider in India.

Need for Two Factor Authentication

The user must use the mobile number that is registered with a bank account for the transaction. This makes the transactions more secure. As before any online transaction, the bank sends the OTP SMS verification code to the user to verify the user. By using the OTP SMS verification, the process of the online transaction becomes fast and seamless.

Most of the banks use this form of security where the user and hardware security is present in the transaction channel. The OTP SMS authentication makes the entire process more secure. For the high-speed delivery of OTP, banks have to use the best OTP SMS service provider and Bulk SMS Gateway Provider in India. Also, it is adviced not to deal with the banks that do not offer this type of of layered security to their account holders.

The One Time Password (OTP) is a great way to overcome the drawbacks of the single factor authentication system. It adds another security layer for better security. SMSLAB is is an OTP SMS service provider and Bulk SMS Gateway Provider in India that takes care of sending the OTP for the authentication of the online transaction. In the two-factor authentication system, using something that user own for generating the password is a more secure way for authentication and transaction. In the two factor authentication, the system needs to validate the user two times. First with the username and password and second with the OTP.

How secure is SMS OTP?

The generation of OTP is done through using the gateway using the SMS after they are generated at the server side. The security of OTP is reinforced because both the user platform and mobile number are not vulnerable to attacks at the same time. Some of the features that make the SMS OTP secure are:

  • Delivering the OTP is secure and simple as users carry their mobile phones all the time.
  • OTP is generated at random and they expire after some time.
  • OTP eliminates the need for the user to create and maintain passwords.
  • OTPs can’t be used multiple times. They are valid only for a single login.
  • OTPs can’t be used multiple times. They are valid only for a single login.

How OTP can be used in different industries?

Finance:

SMS OTP is a great way to reach recipients. This confirms the identity by using the registered mobile numbers. The banking industry is the perfect example of OTP SMS. All the transactions are money related and must be secured. Contact SMSLAB for the best OTP SMS service provider services.

Business:

OTP is a great way to authenticate users. It allows the more secure login by maintaining the validity of the accounts. These kinds of methods can prevent unauthenticated access by maintaining the integrity of the system.

Insurance Sector:

OTP is useful for fraud prevention in the insurance sector. Fraud operations are frequent in the insurance sector. OTP helps in making the transactions more secured. In the insurance sector, a small variance in the account activity is treated as suspicious. So, OTP messages should be used. We are the best OTP SMS Service Provider and Bulk SMS Gateway Provider in India in the insurance sector.

Bulk SMS Gateway Provider in India

Looking for OTP SMS Service Provider and Bulk SMS Gateway Provider in India for One- time Verification SMS to Users? SMSLAB.in is a bulk SMS gateway provider in India Offering bulk SMS service, mass text messaging many more.

BULK OTP SMS Key features

  • Secured SMS Routes
  • Instant Delivery of SMS
  • Live Delivery Report
  • Easy Integration API Gateway
  • All India & all operator SMS Delivery
  • No Setup Fees

How we can use Promotional SMS

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Integrate into marketing campaign

Integrate promotional SMS into your marketing campaign and SMS directly to your clients.

Reach to large group at once

Promotional SMS service allows you to reach a large number of people all at the same time.

Build Loyal Customers

Promotional SMS service is a great channel to engage and build good relations with customers.

Send invitation SMS:

Bulk SMS is a easy, fast & reliable way to invite all of your customers or family members at once.

Promote any online store

Promotional SMS is very fast & effective channel to promote your online store when you want.

Opt out Option:

The main benefit of promotional SMS is you will not be sending unwanted texts who uninterested.

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