According to reports, Dubai-based Sekurus International has introduced an electronic device to prevent drivers from defaulting on car loans. The device, which is fitted to a vehicle, reminds the borrower with a flashing light when a payment is due and disables the ignition system if the dues not paid. The system may be of great interest among all car financiers, car rentals, and even corporate and families with a fleet of cars, in ME
While the option to track defaulters will be a key feature, other features like vehicle tracking etc will be the add on features...
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