Does Starbucks Want to Be Your Bank?


Your average Starbucks (NASDAQ:SBUX) store doesn’t look anything like a typical bank. But as surprising as it might sound, there’s rising speculation in some corners of the banking industry in Asia that the coffee giant might be seeking to enter the financial services industry.

To be clear, Starbucks itself has never come out and said point blank that it has any interest in becoming a bank. But when you look at how the company’s prepaid gift card and mobile app business is blossoming, the idea that you could one day open a bank account at the same time as ordering your Pumpkin Spice Latte seems a little less far-fetched.

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