Consolidation on the cards as cash no longer king

Consolidation on the cards as cash no longer king
Armourguard Security and ACM will merge their cash-in-transit operations into Armourguard Logistics, a wholly owned subsidiary of Evergreen NZ Holdings. (Image: Evergreen)
Rebecca Howard
Consolidation looks to be on the cards for cash-in-transit operations as fewer people use cash. Cash use has steadily declined over the past two decades, leading to significant excess capacity within the cash logistics services infrastructure.  According to the central bank, about 6% of the population rely on cash, although this data will be updated shortly based on its latest survey. In 2020, about 70% of the population indicated in 2020 that cash is one way they use to pay for everyday things, compared to 96% in 2019 and 2017.A...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

Staff reporters 24 Apr 2025
‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025