Why Are UAE Banks Replacing OTPs with In-App Authentication?

UAE banks have begun phasing out SMS-based one-time passwords (OTPs) in favour of in-app transaction approvals, a move aimed at boosting security amid rising cases of phishing and social engineering scams. The new system requires users to verify payments directly within their banking app, reducing the risk of hackers intercepting codes via SMS. While some residents note the switch may slightly affect transaction speed, many welcome it as a smarter, safer alternative to protect their finances. Have you tried your bank’s new in-app approval system yet — do you find it more secure or less convenient?