Alternative couriers could step in and take over the transport of cash – should the Lindsay Fox-controlled monopoly transit business Armaguard collapse – under contingency plans being drawn up by Australia’s major banks and retailers.
The use of smaller delivery firms, or even Australia Post, are options being considered as part of contingency plans.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
