India and UAE are phasing out SMS OTP by 2026 as regulators push for stronger authentication. Discover why SMS is failing, how fraud is rising, and which secure alternatives, like passkeys, biometrics, and in-app authentication, are replacing it worldwide.
June 2025 SMS OTP regulatory updates: Banking's global shift to secure authentication
July 4, 2025
Governments worldwide are banning SMS OTPs due to rising fraud risks. Learn why regulators in the Philippines, UAE, and EU are cracking down, and what secure alternatives banks must adopt to stay compliant and protect customers.
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