New banking app will let users pay before they even get a plastic card

Australia is slowly going cashless, but is it also ready to go "cardless"?

An app to be released later this year by the National Australia Bank (NAB) will allow newly approved Visa credit cards to be used through the app before a plastic card even arrives. For payments under A$100, customers will be able to make contactless mobile transactions without ever having a card in their wallet.

"NAB is absolutely focussed on improving the customer experience, and our new App will give customers more control of their cards so it better suits their individual needs," Angus Gilfillan, executive general manager of consumer lending at NAB, said in a statement. Read more...