A future for Armaguard & Cash in Australia?
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Australia’s largest currency transport business, Armaguard, is said to be struggling financially due to a rapid decline in the use of cash as means of payment in recent years.
According to the Australian Banking Association, cash accounts only for 13% of payments, a 57% decline since 2017.
So what does the future hold for Armaguard and the use of cash in Australia?
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