Studies show that around 8% of smartphone users do not have access to the Internet. Furthermore, around 10% more smartphone users do not use the Internet daily, clearly defining the challenge of Internet affordability and connectivity among the new-to-credit and underbanked segment. Offline locking technology makes the finance even more secure as it can remotely lock the device even if it is offline.

This feature can be built into the customer’s journey directly using the existing dashboard. Autolock works on API driven programming that locks a device on a predefined date irrespective of its status-offline or online