Customers using the system need only click "OK" on the company's tablet when shopping or paying for products.
In the background, biometrical data is processed to find the customers' account in the company's database. Uniqul said it was using "military grade algorithms" to make sure that the security of its system was "impeccable". The system requires customers to pay a monthly subscription fee.
In the previous financial year, more than 70 lakh no-frill accounts have been opened. The government has asked banks to focus on areas where the penetration of banking net is low.