Why is there a need for the Transaction PIN?

Sell Car 03/02/2017 26 Views

2 Answers

Admin

From 26 November 2018 onwards, the Land Transport Authority (LTA) will be doing away with Transactions Pins (TPINs) for the following LTA vehicle-related transactions: Transfer of Vehicle Ownership, Transfer of TCOE, Transfer of Rebate, and the Deregistration of Vehicle.

Now, instead of the TPIN, vehicle owners and businesses will need to use their SingPass/CorpPass 2FA to confirm and complete these transactions.

www.motorist.sg/article/310/lta-singpass-vehicle-transfer-and-deregistration-a-step-by-step-guide

Above is a comprehensive step-by-step article on how to perform LTA vehicle-related transactions with your SingPass/CorpPass.

0 Upvote Downvote Reply 4 months ago

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 about 2 years ago