CRIB to blacklist phone customers
New laws to benefit service providers:
All utility providers including telecommunication providers will be
able to subscribe to the Credit Information Bureau of Sri Lanka (CRIB),
its sources said.
This new development will come into force with the passing of the
amendment to the Credit Information Bureau Act, which is now applicable
only to banks, leasing and finance companies in the country.
With this proposed amendment utility providers especially mobile
phone operators will be able to obtain financial stability and credit
reports of their existing and would be customers, Assistant General
Manager CRIB Janka Lakmal told the Daily News Business.
Lakmal said the objective of their endeavour is to collect financial
details of customers.
Therefore, with the new amendment CRIBSL will be able to provide
financial/credit information of customers and would be customers for
utility companies for decision making purposes.
Under this new amendment to become law soon, mobile operators will be
able to have a loyalty scheme where a defaulter of a bill will not be
able to get another connection from any other telecommunication service
It is a common practice in the mobile business for customers to
default one cellular company and obtain subscription of another company.
Similarly other utility companies too will benefit from this scheme.
Currently Sri Lanka’s telecommunication sector is having an exponential
growth during the last few years.
Therefore, having a loyalty scheme would be able to benefit the
entire industry, he said.
With the overgrowing demand on the services provided by bureau, it
had a long-standing requirement in enhance the efficiency of credit
information services to its member organisations.
As a result CRIB modernisation project is an initiative formulated to
accomplish several business objectives within the period of next five