UAE banks are phasing out SMS OTPs for online card payments starting January 6, 2026, due to security risks like SIM-swapping ...
From January 6, 2026, major banks in the UAE will no longer send one‑time passwords by text message for online card ...
A SIM card is, effectively, a portable identity token. Once compromised, it gives attackers a back door into bank accounts, digital wallets, investment apps, and high-risk transactional environments.