Armaguard might be forced to enter into administration as Coles paused their delivery with the cash distributor.

Morning’s host Tom Elliott says the company is the last cash distributor in Australia as the usage of cash continues to decline.

“Suddenly, Armaguard’s not making any money … if Armaguard goes broke, we actually don’t have a company left that can purely transport cash,” he said.

Press PLAY to hear what a future without Armaguard looks like

The news was revealed on the Rumour File yesterday and was confirmed earlier today.

Press PLAY to hear the reveal

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