Article 6KNVX Coles resumes receiving cash deliveries after halving withdrawal limit amid fears of Armaguard collapse

Coles resumes receiving cash deliveries after halving withdrawal limit amid fears of Armaguard collapse

by
Jonathan Barrett
from World news | The Guardian on (#6KNVX)

Retailer's action taken to avoid cash shortage if the money-moving company were to reduce or cease deliveries

Coles has resumed receiving cash deliveries after Australia's primary money transit company, Armaguard, secured emergency funding from its parent company to continue operating.

The supermarket giant said it will still halve cash withdrawal limits across its stores as the viability of the money delivery sector remains under threat due to more consumers and businesses shunning physical currency.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup

AAP contributed to this report

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments