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Obligatory OTP Service of Banks Suspended

Obligatory OTP Service of Banks Suspended Obligatory OTP Service of Banks Suspended

Governor of the Central Bank of Iran says making the one-time password mandatory for banks is not possible now due to the problems of both lenders and customers. 
In an Instagram post late Thursday, Abdolnaser Hemmati said more than 30 banks have started to offer OTP services to customers. 
“However, due to the fact that many customers don’t have smart cellphones, it is not possible to make the service mandatory,” he wrote. 
According to Hemmati, the CBI launched a centralized system for offering OTP via the short message service (SMS), but it take another two months for all banks to connect to the new system. 

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