Topic Central bank
Central Bank of the UAE
The UAE's central bank. It directed banks to phase out SMS and email one-time passcodes between July 2025 and March 31, 2026.
Also called: CBUAE, UAE
- Jurisdiction
- United Arab Emirates
- Official site
- centralbank.ae
Questions (3) #
- Did the UAE ban SMS OTP for banking?Regulation
Yes, in effect.
- Is email OTP safer than SMS OTP?Identity
Not meaningfully.
- Which countries are banning SMS OTP for banking?Regulation
Singapore, Malaysia, the UAE and the Philippines have ordered banks off SMS or email codes for some or all transactions since 2022.
Comparisons (1) #
In the regulation tracker #
- UAE: SMS and email OTP phase-out (Complete)