Tech
RBI Evaluating Platform To Lock Phones After Loan Defaults
[ad_1]
SUMMARY
The RBI is evaluating a platform that would allow lenders to remotely lock mobile phones bought via credit in the event of borrower defaults
Governor Sanjay Malhotra said the RBI is focussed on balancing consumer data privacy and upholding borrower rights, while also addressing the needs of creditors seeking to recover loans
Over one-third of consumer electronics in India, including phones, are bought on small-ticket loans
The Reserve Bank of India (RBI) is evaluating a…
[ad_2]
Source link
Continue Reading