Postmen with Android phone with a separate biometric reader to capture fingerprints.
Rajesh Singh, a 30-something who has been a postman for five years, is proud of getting 150 people to open bank accounts in his area. He is one of the many khaki-clad postmen in the General Post Office of the national capital who have recently turned banking official for India Post Payments Bank (IPPB).
The bank, in which the Union government owns 100 per cent equity, got its licence in 2016, when the Reserve Bank of India issued 11 licences for payments banks. Three out of the 11 have returned their licences because of viability concerns.
He carries a mid-range Android phone with a separate biometric reader to capture fingerprints. He is quick to fire up the micro-ATM app on his phone. The app is still being developed, less than 24 hours before its launch.
“A new version of the app was released this morning. So, I am getting used to it. There’s some issue with the on-boarding process, but most people get their accounts in less than 5 minutes,” he said.