Is Prosegur Australia a solution to regional banks?

Prosegur Australia, which pitched itself as the solution to servicing regional towns amid bank closures to the regional banking task force in 2021, did not comment. Linfox Armaguard also declined to comment. In the meantime, fourth-year apprentice butcher Harvey Jopling was just happy he was able to access enough cash to buy his first car.

Does Armaguard-Prosegur have a cash-in-transit system?

The accessibility of cash hinges on Armaguard-Prosegur and Next Payments refilling the ATMs in a timely manner, but locals said that was not being done. Armaguard-Prosegur is a merged company composed of the former two largest cash-in-transit groups in Australia: Linfox Armaguard and Prosegur Australia.

Why did Linfox Armaguard & Prosegur merge?

Updated: Jan 29, 2024 – 4.26pm. Data is 20 mins delayed. Linfox Armaguard and Prosegur Australia, the two biggest distributors of banknotes to branches and automatic teller machines, merged last year citing a decline in the use of cash as digital payments continue to rise.

How do Patullos get cash?

On days ATMs in the town are empty, trade is difficult for the Patullos, as the business only accepts sales from those with money in their wallet. The accessibility of cash hinges on Armaguard-Prosegur and Next Payments refilling the ATMs in a timely manner, but locals said that was not being done.