0 Anonymous Asked: March 18, 2020In: Science & TechnologyWhat are the different applications of a transactional SMS service?0otp sms service providersms marketingtransactional sms service ShareFacebook1 AnswerVotedOldestRecentmounachalla Bengaluru, India 2 Questions 113 Answers 0 Best Answers 317 Points View Profile mounachalla Professional Added an answer on March 18, 2020 at 4:46 pm Based on the type of work that your company deals in, transactional SMS service can be used for a variety of purposes. It is important for firms to understand their business and choose the best system that can serve all their requirements with ease. The following are a few different applications of these systems, as used by top companies all around the world.Transaction authorizationA major user of these services is online payment companies and banks. They use these systems to create an authorization system directly involving the company and the customer by sending those OTPs on the registered number. This will allow them to create a secure authorization channel that can earn the trust of the customers.NotificationsThese systems are also being used for transferring relevant notices and reminders to the person. Schools and colleges use these systems to inform students about holidays, fee submission dates and a lot more. Financial institutions can provide due dates, credit card bill monthly status of the accounts with these tools.MarketingA major use of these systems is for the marketing of goods and services to the masses. With these tools, companies can send messages in bulk informing people about discounts and new products that they might be interested in.0Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppSorry, you do not have a permission to answer to this question.