 "With your Aadhaar card, open a Digibank account as you drink coffee")
In India, customers of Café Coffee Day, a popular chain, can open a Digibank bank account when they pay for coffee. To do so, they need only their biometric-enabled ID card called Aadhaar, and Digibank’s app.
Each cafe outlet has a thumbprint reader for online authentication of customers. After this is confirmed, the bank’s software interfaces with the café’s cash register, captures the information, and opens the bank account.
DBS Bank launched Digibank, a mobile-only bank, in India in April last year.
It now has 1.2 million customers and projects that by 2021, it should have five million.
The bank
