EZONE - Business Setup Company in Dubai UAE
  • Home
  • About
    • EZONE
    • Our Team
    • Plant It Forward
    • The EZONE Experience
    • Reach Us

    EZONE - One of the Best Business Setup Consultants in Dubai, UAE

    Take the Next Step Towards
    Entrepreneurial Success Business Growth Professional Independence Sustainable Growth Business Empowerment Visionary Leadership

    Contact Us Now
  • Business Setup

    Free Zone

    Dubai Freelance Work Visa
    • Dubai Free Zone
    • Abu Dhabi Free Zone
    • Sharjah Free Zone
    • Ajman Free Zone
    • Fujairah Free Zone
    • RAK Free Zone
    • UAQ Free Zone

    Mainland

    DED Dubai - Mainland License
    • Dubai Mainland
    • Abu Dhabi Mainland
    • Sharjah Mainland
    • Ajman Mainland

    Offshore

    RAKEZ Free Zone License and Visa
    • JAFZA Offshore
    • RAK Offshore
    • Ajman Offshore

    Others

    Ajman Free Zone License
    • SPV
    • Corporate Foundation
    Book Your Free Consultation
  • Services

    Primary

    Bank Account Opening in Dubai
    • Bank Account Opening
    • PRO Services
    • Corporate Sponsorship

    Compliance

    Compliance Services
    • Accounting
    • VAT Registration
    • Corporate Tax
    • ESR
    • UBO
    • AML

    Visas

    Visa Services
    • Golden Visa
    • Freelance Visa
    • Remote Work Visa
    • Investor Visa
    • Employment Visa
    • Dependent Visa
    • Tourist Visa
    • Maid Visa

    Digital Marketing

    Design & Marketing Services in Dubai
    • Website Design
    • Branding
    • Graphic Design
    • SMM
    • Paid Advertising
    Request a Free Quote
  • Resources

    EZONE Business Setup Visits Dubai Eye 103.8

    Invaluable Startup Tips for Entrepreneurs from Mariben, the Founder and Managing Director of EZONE Business Setup
    • Press / Media
    • Insights and Updates
    • Our Partners
    • Company Profile
    Contact Us Now
Cost Calculator
Insights

UAE Banks Stop OTPs by SMS & Email: Here’s What to Know

September 2, 2025 EZONE Business Setup No comments yet
UAE Bank Stops OTP and SMS

UAE Banks Discontinue OTPs via SMS and Email: What It Means for Individuals and Businesses

In a move aimed at strengthening cybersecurity and minimizing fraud, several banks in the UAE have started phasing out one-time passwords (OTPs) sent via SMS and email. Instead, they are shifting to more secure, app-based authentication methods such as biometric verification and in-app push notifications.

This change comes in response to a global rise in phishing scams, SIM swap attacks, and email-based security breaches, many of which have targeted banking customers.

Why Are OTPs via SMS and Email Being Phased Out?

While SMS and email OTPs have long been a standard form of two-factor authentication, they are no longer considered secure. These methods are vulnerable to several forms of cybercrime, including:

  • SIM swap fraud: Criminals hijack a user’s mobile number to intercept OTPs.
  • Phishing websites: Fake login pages designed to trick users into entering OTPs.
  • Email hacks: Compromised email accounts expose sensitive verification codes.

In response, banks are replacing these channels with more robust alternatives that offer end-to-end encryption and reduced exposure to third-party interception.

You might be interested in reading more about:

  • Opening a Corporate Bank Account in the UAE
  • Opening a Digital Bank Account in the UAE 

What Are the Alternatives?

Customers can expect to see the following authentication methods implemented:

  • Push notifications through official mobile banking apps.
  • Biometric verification, including fingerprint and facial recognition.
  • In-app approval systems for login attempts and transactions.
  • Token-based authentication for corporate accounts.

Banks are encouraging users to update to the latest version of their apps and enable biometric and app-level security settings.

Implications for Individuals

For personal banking customers, the transition improves protection but also introduces new requirements:

  • Installation and activation of the official banking app are now essential.
  • Access to a secure, internet-enabled smartphone is mandatory.
  • Users who travel frequently or reside abroad may encounter challenges if their UAE mobile number is inactive or if their app access is restricted due to geo-fencing or outdated credentials.

While these measures may introduce a learning curve, they ultimately help ensure safer access to funds and financial data.

Implications for Businesses and Finance Teams

For companies operating in the UAE—particularly those with finance departments managing corporate accounts—the removal of SMS and email OTPs has more complex ramifications:

  • Shared access to OTPs is no longer viable. Businesses must shift to user-based authentication within apps.
  • Device and access control become a priority. Only approved users with verified devices will be able to authenticate transactions.
  • Internal workflows may require restructuring. Multi-level approvals, payment processing, and third-party access now require management within secure platforms.

Companies should take immediate steps to audit their banking practices and ensure compliance with the new verification protocols.

Action Steps for Businesses

  1. Upgrade all banking apps to the latest versions and complete app-based security setup.
  2. Review finance department roles and permissions to ensure every team member has individual access.
  3. Engage with bank relationship managers to explore enterprise solutions, such as admin dashboards or multi-user platforms.
  4. Educate staff on new authentication processes to avoid delays and errors.

Looking Ahead

The UAE’s financial sector continues to modernize in line with international cybersecurity standards. The transition away from OTPs via SMS and email is part of a broader shift toward digital resilience, biometric authentication, and AI-driven fraud detection.

For individuals and companies alike, early adaptation is critical. Organizations that act now to review and revise internal systems will be better positioned to maintain business continuity while safeguarding their financial assets.

Need help adjusting your banking processes or setting up a secure financial system for your company?

EZONE, one of the top business setup consultants in Dubai, provides tailored business advisory services to support your operations in the evolving UAE market.

Note: You are just a few MINUTES away from finding out your business license cost using our Cost Calculator.

  • Bank
  • bank account
  • Dubai
  • uae
  • uae bank account
EZONE Business Setup

EZONE specialize in creating content that highlights business setup and consultancy services. We provide expert insights on company formation, licensing, and the latest industry developments. Through this blog, we aim to equip entrepreneurs and businesses with the knowledge they need to navigate opportunities and challenges in today's market.

Post navigation

Previous
Next

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Free Consultation

Please enable JavaScript in your browser to complete this form.
Loading

Latest Posts

  • UAE Visa Grace Period After Cancellation 2025
    UAE Visa Grace Period After Cancellation 2025: 30 or 60 Days?
  • UAE Bank Stops OTP and SMS
    UAE Banks Stop OTPs by SMS & Email: Here’s What to Know
  • UAE Corporate Tax Filing
    UAE Corporate Tax 2025: Important Deadlines
  • UAE Golden Visa for Athletes and Sports Professionals
    How to Apply for a UAE Golden Visa as a Renowned Athlete via Dubai Sports Council – 2025 Guide
  • UAE Golden Visa for Doctors and Healthcare Professionals
    How to Apply for a UAE Golden Visa as a Doctor or Healthcare Professional via DHA (2025 Guide)

Continue Reading

UAE Visa Grace Period After Cancellation 2025
Insights

UAE Visa Grace Period After Cancellation 2025: 30 or 60 Days?

September 2, 2025 EZONE Business Setup No comments yet

If you’ve just resigned, been laid off, or are exploring your next step in the UAE, one of the biggest questions you might have is: How long can I legally stay in the UAE after my visa is cancelled? Many residents still assume the grace period is only 30 days. But under the UAE’s revised […]

UAE Corporate Tax Filing
Guides

UAE Corporate Tax 2025: Important Deadlines

September 2, 2025 EZONE Business Setup No comments yet

UAE Corporate Tax Filing Deadlines in 2025 What Every Business Must Know If your company’s financial year ended on December 31, 2024, your first corporate tax return is due by September 30, 2025. This marks the first major tax filing deadline under the UAE’s new corporate tax regime, and many businesses are still catching up […]

UAE Golden Visa for Athletes and Sports Professionals
Golden Visa

How to Apply for a UAE Golden Visa as a Renowned Athlete via Dubai Sports Council – 2025 Guide

September 1, 2025 EZONE Business Setup No comments yet

Discover how athletes can secure the UAE Golden Visa in 2025. Step-by-step Dubai Sports Council nomination with EZONE’s expert guidance for 10-year residency. UAE Golden Visa for Renowned Athletes Athletes applying through this route do not need to be UAE residents to initiate the Golden Visa process. The nomination and application steps can be started […]

Take the Next Step Towards Financial Freedom

Get an Estimate for Business Setup
EZONE - Best Business Setup Consultants in Dubai UAE

With every company setup, EZONE plants a tree on your behalf, fostering growth for both your venture and the environment. How it works?

  • 971 50 625 5206
  • +971 4 225 9741
  • 800 - EZONEUAE (UAE Only)
  • Office 205 2nd Floor, Building 11, Bay Square, Business Bay, Dubai, UAE

EZONE, one of the best Business Setup Consultants in Dubai. With over 12 years of industry experience, we bring comprehensive business setup services. Our solution-focused team of professionals provides a combination of expertise and efficiency that can help you secure your business on time.

EZONE, one of the best Business Setup Consultants in Dubai. With over 12 years of industry experience, we bring comprehensive business setup services. 

Popular Business Setup Packages

Business Setup in UAE Free Zones & Mainland

  • Sharjah Publishing City (SPC)
  • Ras Al Khaimah Economic Zone (RAKEZ)
  • Meydan Free Zone (MFZ)
  • Department of Economic & Tourism (DET Dubai)
  • Ajman Free Zone Authority (AFZA)
  • Fujairah Creative City Free Zone
  • Special Purpose Vehicle (SPVs)
  • Corporate Foundation
  • Dubai International Financial Centre (DIFC)
  • Abu Dhabi Global Market (ADGM)
  • Dubai CommerCity
  • Dubai Multi Commodity Centre (DMCC)
  • Dubai Silicon Oasis (DSO)
  • Dubai Airport Free Zone (DAFZ)
  • Dubai World Trade Centre (DWTC)

Most Requested Services

Corporate Services

  • PRO Services Dubai
  • UAE Bank Account Opening

Visa Services

  • UAE Golden Visa
  • Freelance Visa

Compliance Services

  • Accounting Services Dubai
  • Corporate Tax Registeration
  • VAT Registration Dubai

Business Setup in Dubai | Company Formation in Dubai | Terms & Conditions | Privacy Policy

© September 3, 2025 - EZONE Corporate Services Provider. All Rights Reserved

WhatsApp Us