In a world where technology is taking all of our jobs, even the repo man is not safe. Japanese transport company Global Mobility Services is rolling out a new smart device for the Southeast Asian automotive market. Targeting consumers in Thailand and Indonesia in April, the device will kill the engine of any vehicle that is late on loan repayments.
The device is a simple looking black box with a fancy name, the Mobility-Cloud Connecting System or MCCS for short. It sits next to the engine and collects a range of vehicle data, like GPS tracking, fuel consumption, and dangerous driving tendencies. Any attempts to forcibly remove the device from the vehicle will result in engine failure.Global Mobility Services is working with local lenders to open up the auto loan and lease market. With a recent spike in the number of loans for vehicles reported in January by PT. Astra Credit Companies and a steady increase of demand for app-based automotive services such as Gojek and the rental startup Hipcar, has shown a clear demand for more vehicles in Indonesia.The new technology will replace the middleman in the automotive credit economy, potentially putting many debt collectors out of work in the process. Vehicle related debt collecting has often resulted in violent incidents. The arrival of satellite tracking and a remote control kill switch could lead to less debt related crimes.It uses a low-speed mobile connection similar to a smartphone so that can be operated remotely, which also helps it to keep updated on if the car owner has paid their bills on time.The MCCS is optimized to accommodate various types of industry usages within the Japan's domestic car market; from vehicle security to insurance data collecting. But with its expansion towards Southeast Asia, the company will focus on alleviating the strict credit requirements of potential borrowers.
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