https://www.finextra.com/newsarticle/36902/google-app-enables-banks-to-lock-android-devices-over-credit-defaultsGoogle has released an app that enables banks and credit providers to remotely lock a mobile phone if the user fails to make installment payments.
The Device Lock Controller app will restrict the defaulter to emergency calls only and control all incoming and outgoing calls. The app will also control settings, backup and restore services on the device.