Privacy minefield? Do you want your banks to know every detail of your purchases?

I just learnt that some Retailers are moving to digital only receipts. But it's not what I imagined, ie that maybe they email/text you a receipt. No, as described in the article I've linked below, the receipt is accessible via your online banking transactions. Directly through your bank.


I feel like this is a privacy minefield? Why does the bank need to know the details of each person's purchases.


What do you think?

https://www.news.com.au/lifestyle/real-life/news-life/kmart-is-moving-to-digital-receipts-using-smart-aussie-technology/news-story/db11df8167695ed20c31764fd03043ef

article banking banks digital email moving online banking privacy retailers text transactions