Armaguard suddenly wants an injection of money to continue to deliver cash to banks and businesses in its armoured vehicles. The banking industry and the Reserve Bank want an urgent solution.
Like most people, I struggle to recall when I last used cash.
The COVID shutdown accelerated the surge to online payments. By 2022 only 13 per cent of all transactions involved cash, representing even less in value at a mere 8 per cent.
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Jennifer Hewett is the National Affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
