National Australia Bank has launched a new digitised receipt product which it says allows customers to easily digitise any paper receipt, through the NAB Mobile App.

The global transaction volume of non-cash payments is growing rapidly, including in Australia, with non-cash transactions booming and competition flourishing, despite many banks remaining reluctant to embrace open banking via data sharing, ecosystem partnerships and open platforms, according to a new report.

The widespread adoption of digital technologies by agricultural businesses is potentially one of the most important ways to stimulate improved rates of productivity growth in the farming sector, according to Australia’s competition regulator, the ACCC.