Why is there a need for the Transaction PIN?

Sell Car 03/02/2017 19 Views

1 Answer

Admin

With the launch of e-Services@ONE.MOTORING, LTA has stopped issuing vehicle registration cards (commonly known as vehicle log card) for vehicles registered or transferred on or after 28 February 2006 to facilitate electronic transactions. Vehicle log cards are now not needed to transfer or de-register a vehicle. Therefore, to safeguard the interests of vehicle and rebate owners, we have introduced the Transaction PIN to provide additional security against unauthorised transfer or de-registration transactions. Hence, the Transaction PIN serves a similar function to the vehicle log card or rebate certificate but in a form that facilitates electronic transactions as it could be verified online by e-Services@ONE.MOTORING.

0 Upvote Downvote Reply almost 2 years ago
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