An MPIN is your Mobile Personal Identification Number, a security code used to authenticate transactions on mobile banking and payment applications.
It acts as a digital signature, verifying your identity before allowing access to your funds or sensitive information. Here's a more detailed breakdown:
- Purpose: Primarily used as an authentication method during mobile transactions and banking activities.
- Format: Usually a 4 or 6-digit numeric code.
- Functionality: Acts as a digital signature to authorize transactions.
- Security: An essential security measure to prevent unauthorized access to your mobile banking or payment accounts. It's crucial to keep your MPIN secret and not share it with anyone.
Think of it like a PIN code for your debit card, but specifically designed for your mobile device. It adds an extra layer of security and helps protect your money. Always create a strong and unique MPIN that is difficult for others to guess. Never share it with anyone or store it insecurely.
