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Money transporter Armaguard is in peril. Could cash be dead sooner than we think?

  • Written by Steve Worthington, Adjunct Professor, Swinburne University of Technology
Money transporter Armaguard is in peril. Could cash be dead sooner than we think?TK Kurikawa/Shutterstock

If you’ve ever taken money out at an Australian ATM, been handed $20 change at a supermarket or paid someone in cash, you’ve probably used the services of Armaguard.

Owned by Linfox Group, Armaguard is Australia’s largest currency transport business, servicing about 90% of the cash-in-transit market.

But...

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