Panacea uses GSMA Device Check™ to help Mexico’s pawnshops increase profits
In Mexico, business consultancy and software developer Panacea Consulting Group is using GSMA Device Check™ to help build trust in the second-hand device market. Panacea offers a service that enables pawnshops to quickly check the status of any cell phone proffered by people visiting their shops. The service allows them to see whether the handset has been blacklisted (as a result of being reported lost or stolen) and that its make and model is consistent with the registered International Mobile Equipment Identity (IMEI) number.
One of their customers performed 2,380 checks in one month, protecting them against US$9,000 worth of losses.