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Daybreak — Miss a smartphone EMI, and your lender can now wirelessly strip the ‘smart’ out of it
Scout ratingSCOUT· 30%24m·2026-07-10·News Politics

Miss a smartphone EMI, and your lender can now wirelessly strip the ‘smart’ out of it

Daybreak · 790

Naresh drives for Rapido. When his phone died, so did his income — for seven days, until he could borrow enough to replace it. Until 2024, India's biggest consumer lenders had turned that exact vulnerability into a recovery tool. Miss an EMI, lose your phone. It worked so well that smartphone lending grew from 1% to…

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