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?

Image: Image Credit: Squirrel_photos / Pixabay

Produced By: Toni Pankaluic

Featured In Story: Professor Steve Worthington – Swinburne University of Technology

First aired on The Wire, Monday 8 April 2024