Do you know that Starbuck’s is not just a coffee company but it also operates like a bank?

 Do you know that Starbuck’s is not just a coffee company but it also operates like a bank?

Especially in western countries people go to the driveway on the way to work get a cup of coffee & even bring it on the office walk.

Starbuck exploits this addiction in a seemingly rewarding manner.

If you pay with their app rather than cash or card you can earn reward points that could be redeemed for free drinks.

So people load months’ worth of money onto their app so that they don’t have to handle cash often. They can easily order coffee from their phone & they don’t even have to wait in line & will also earn points.

Just imagine how much prepaid money Starbucks’s would have from this app?

16,450 crore rupees!!!

This is like interest free loan for Starbucks which they can invest & earn money or even open more outlets.

This figure seems even greater when you realize that close to 85% or about 4000 banks in the United States individually have an asset value which is less than half of this amount.

Not just that, many people will just forget about their balance!!!

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