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Friday · Business Edition
BREAKING Markets steady as investors weigh the Fed rate path · Cash-in-transit firms add automation and AI to the van fleet · Earnings season enters its busiest week
Business · Markets

Cash Logistics Firms Pair Armoured Vans With Automation and AI

Companies that move and count physical cash are adding machines and software to a business built on vans, vaults and people, as banks and retailers look for faster, cheaper ways to handle notes and coins.

In Southeast Asia, cash-in-transit providers still serve banks, retail chains and ATM networks, and are now offering cash-management machines, retail automation and AI tools to the same customers.

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How cash-handling firms are adding automation

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Automated deposit machines and route software are the usual first steps, with AI agents and robots as later additions that providers describe as a way to widen what they sell to existing clients.

"Cash handling is still the core. Machines and software are how providers are widening what they sell."

Providers say the next step is connecting the pieces: vans, vaults, deposit machines and software offered as one service to banks and retailers.