Connect with us

Technology

Cash Logistics Market size is set to grow by USD 24 billion from 2024-2028, Growing preference for outsourcing cash management services by financial institutions boost the market, Technavio

Published

on

NEW YORK, July 10, 2024 /PRNewswire/ — The global cash logistics market size is estimated to grow by USD 24 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 10.86%  during the forecast period. Technological advancements in cash logistics are enhancing efficiency and security in the industry. Innovations include advanced ATM technologies for secure cash dispensing, smart safes with real-time monitoring capabilities, and GPS-enabled tracking systems for precise cash transportation. These advancements support the growing preference for outsourced cash management services by financial institutions, despite challenges posed by increasing plastic money and online transactions. Key players such as AGS Transact Technologies Ltd., Loomis AB, and Prosegur Compania de Seguridad SA are at the forefront, leveraging technology to meet evolving market demands and ensure robust cash security solutions.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Cash Logistics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.86%

Market growth 2024-2028

USD 24 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.55

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 29%

Key countries

US, China, India, Germany, and UK

Key companies profiled

AGS Transact Technologies Ltd., Allied Universal, AXIOM Armored, CMS Info Systems Ltd., GardaWorld Security Corp., Global Security Logistics Co., GSLS, Knightguard Protection Services Pty Ltd., Linfox Pty Ltd., Loomis AB, Prosegur Compania de Seguridad SA, Radiant Cash Management Services, SecureCash, SIS Ltd., The Brinks Co., Titan Armored Inc., TRABLISA, Transguard Group LLC, Writer Business Services Pvt. Ltd., and ZIEMANN SECURITY Holding GmbH

Market Driver

The demand for automatic cash recycling in ATMs, automated teller safes, and self-service cash recycling machines is growing as financial institutions seek to enhance revenue growth, improve customer service, and optimize costs. In traditional banking, tellers manage cash levels, requiring labor costs for tellers and supervisors, as well as opportunity costs for keeping large cash reserves in ATMs. Cash recycling systems, which function like a vault between two tellers but with advanced cash management technology, help financial institutions streamline operations at a lower cost. This system eliminates the need for tellers and vaults to manage cash balances, increasing efficiency by approximately 90% and reducing expenses. With the COVID-19 pandemic, cash recycling has become even more crucial for minimizing cash touchpoints. As a result, the global ATM market and cash logistics market are experiencing significant growth due to the increasing demand for cash recycling systems. 

Cash logistics is a crucial aspect of the banking sector, involving the transportation, handling, and management of physical cash. Key trends include cash-in-transit services, ATM replenishment, and cash center operations. Cash flows between bank branches, ATMs, and points require secure and efficient movement. Digital money is on the rise, but currency circulation continues to demand safe and reliable cash logistics. Safety is paramount, with safety vaults, digital electronic vaults, and motorized shooting bolts used to secure valuable assets. However, hazards like cash logistics agencies robberies, motorized shooting bolt thefts, and cash-in-transit vehicle robberies pose risks. Companies like CompuSafe use advanced technology to mitigate these hazards. Cash logistics companies handle cash payments and cash movement for various economies, including shops, wholesalers, raw materials suppliers, and exchange businesses. Location, cash processing, and currency management are essential components of cash logistics. Cash logistics services ensure the smooth circulation of cash, enabling customers to make payments and access their funds at ATMs. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

•         The use of payment methods other than cash, such as credit cards, debit cards, stored-value cards, online purchases, and mobile payments, is increasing. These options enable convenient financial transactions without the need to carry cash. Plastic money offers benefits like anywhere, anytime banking. This trend could lead to less cash usage at marketplaces and a decrease in the need for physical retail stores and bank branches. Banks provide smart cards and net banking options to reduce customers’ cash dependency. The e-commerce industry’s growth is due to the rise in online transactions. In supermarkets and hypermarkets, smart card reader machines offer plastic money payment options. The availability and use of electronic payment infrastructure and methods are growing, posing a significant challenge to the cash logistics market’s expansion in the coming years.

•         Cash logistics is a critical business sector involving the handling, transportation, and processing of physical cash. However, it comes with its own set of challenges. Cash-in-transit vehicle robberies remain a significant hazard, with motorized shooting bolts and CompuSafe being common tools used by robbers. Cash logistics agencies must ensure the safety of precious assets during cash movement, mitigating public exposure. Location is crucial for cash processing and currency management, with cashiers and ATMs playing key roles in customer satisfaction. Economies rely heavily on cash payments, especially in shops, wholesalers, and raw materials suppliers. Cash logistics companies face challenges in handling and transporting cash in a secure manner, especially in high-risk regions. Technological improvements, such as electronic payment methods and digital payment solutions, are increasingly popular, but physical cash remains a significant part of the economy. Financial service providers must adapt to meet customer demands while ensuring security. Internet banking and smartphones have revolutionized cash transactions, but cash logistics companies must stay ahead of the curve to maintain client satisfaction.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This cash logistics market report extensively covers market segmentation by  

End-user 1.1 Financial institutions1.2 Retailers1.3 Government agencies1.4 OthersService 2.1 Cash-in-transit2.2 Cash management2.3 ATM serviceGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Financial institutions-  The financial institutions segment is a significant contributor to the global cash logistics market. This segment includes banks, credit unions, and other financial service providers that handle substantial cash transactions. These institutions require secure and dependable transportation of cash to and from their branches, ATMs, and other locations. Cash logistics companies cater to these needs, offering services such as cash pickup, transportation, counting, sorting, and delivery. Banks, with their vast network of ATMs and branches, are the primary customers of cash logistics companies. For instance, Bank of America, with over 16,000 ATMs in the US, relies on cash logistics providers for cash refilling. Credit unions, with their growing number of branches, also require secure transportation of cash between locations. For example, Navy Federal Credit Union, the largest credit union in the US, has over 340 branches. Other financial services providers, including check-cashing businesses and payday lenders, also need secure cash transportation due to their high cash volumes. Consequently, the financial institutions segment will continue to drive the growth of the global cash logistics market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Cash logistics refers to the secure transportation and management of cash and valuable assets. It involves various services such as Cash-in-Transit, ATM replenishment, cash centers, and bank branch cash handling. Cash flows through cash logistics networks, moving from cash centers and bank branches to ATMs and other points of sale. Valuable transport plays a crucial role in cash logistics, ensuring the safety of cash during transit using safety vaults and trained personnel. Currency circulation is a significant aspect of cash logistics, with cash demand constantly changing. Digital money and ATMs have transformed the landscape, requiring efficient cash processing and currency management. Cash logistics also involves handling hazards such as public exposure and the risk of theft or robbery. Cash processing services, currency management, and cashiers play essential roles in ensuring the smooth functioning of cash logistics systems.

Market Research Overview

Cash logistics refers to the secure transportation and management of physical cash and valuable assets. This essential service includes Cash-in-Transit (CIT), cash centers, ATM replenishment services, and bank branch cash handling. Cash flows through various channels such as ATMs, bank branches, and retail outlets, requiring constant circulation and replenishment. Safety vaults and digital electronic vaults ensure the security of cash and precious assets. Cash logistics agencies face hazards like cash robberies, which have led to the use of motorized shooting bolts and advanced security measures. Companies like CompuSafe provide advanced cash processing and currency management solutions. The banking sector continues to evolve, with technological improvements like motorized shooting bolts, digital money, and electronic payment methods gaining popularity among internet users and financial service providers. Cash movement involves handling and transportation, requiring careful planning and location-specific strategies. Cash logistics companies prioritize client satisfaction, ensuring secure and efficient cash processing and currency management for economies, shops, wholesalers, raw materials suppliers, and exchange services in various economic regions. Cash payment remains a significant part of the financial ecosystem, with cash logistics agencies playing a crucial role in its circulation and security.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userFinancial InstitutionsRetailersGovernment AgenciesOthersServiceCash-in-transitCash ManagementATM ServiceGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/cash-logistics-market-size-is-set-to-grow-by-usd-24-billion-from-2024-2028-growing-preference-for-outsourcing-cash-management-services-by-financial-institutions-boost-the-market-technavio-302192946.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Truemed and Highmark Benefits Administration Partner to Expand Access to Root‑Cause Healthcare and Enable Employers to Reach Benefits Goals

Published

on

By

AUSTIN, Texas, May 1, 2026 /PRNewswire/ — Truemed, the leading platform enabling qualified health purchases with HSA and FSA dollars, today announced a strategic partnership with Highmark Benefits Administration, a trusted provider of comprehensive, compliance‑driven solutions committed to providing A+ benefits administration services to clients nationwide.

The partnership aligns two organizations focused on delivering innovative, cost-effective solutions that help clients achieve business goals while empowering employees to use their benefits confidently and proactively. By integrating Truemed’s medically-necessary qualification process with Highmark’s service‑driven administrative infrastructure, employers can offer a broader range of eligible health interventions while maintaining clarity, compliance, and operational efficiency.

Through this collaboration, eligible Highmark participants can use pre‑tax HSA and FSA funds on evidence‑based, root‑cause health solutions— including fitness and movement programs, nutrition and supplement options, stress‑management tools, and other medically‑necessary interventions designed to help employees proactively improve their health.

“At Highmark Benefits Administration, we understand that managing employee benefits and plan compliance can be a daunting task, but it doesn’t have to be,” said Dan Bearden, Founder and Director of Highmark. “Partnering with Truemed expands what’s possible with HSA and FSA dollars while maintaining the clarity and compliance confidence our clients rely on. We’re excited to help participants access more meaningful health solutions.”

“Highmark has built a reputation for exceptional service and operational excellence,” said Justin Mares, CEO of Truemed. “This partnership builds on that foundation by giving eligible participants access to root‑cause health interventions that have been shown to improve health outcomes and chronic condition management. Together, we’re helping employers offer benefits that are simple, compliant, and truly impactful.”

Learn more at: truemed.com/a/highmark

Truemed is for qualified customers. See terms at truemed.com/disclosures.

About Truemed

Truemed partners with consumer health brands and benefits administrators to enable HSA and FSA payments for root‑cause healthcare expenses. Through licensed practitioner review and IRS‑aligned documentation, Truemed helps qualified individuals invest in medically necessary products and services using pre‑tax dollars. Learn more at truemed.com.

About Highmark Benefits Administration

Highmark Benefits Administration provides comprehensive, cost‑effective benefits administration services designed to simplify complexity and support employer goals. With expertise in enrollment and eligibility management, COBRA administration, FSA/HSA/HRA programs, compliance reporting, carrier billing, and employee communication, Highmark delivers exceptional service backed by modern technology solutions. Learn more at highmarkbenadmin.com.

Media Contact:
Tom Dahl
tom@truemed.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/truemed-and-highmark-benefits-administration-partner-to-expand-access-to-rootcause-healthcare-and-enable-employers-to-reach-benefits-goals-302760163.html

SOURCE Truemed

Continue Reading

Technology

DistrictWON’s uReport Partners with KOIN to Usher Back Local Sports Coverage to Every Community

Published

on

By

PORTLAND, Ore., May 1, 2026 /PRNewswire/ — KOIN 6 is proud to announce a groundbreaking partnership with uReport, bringing comprehensive, community-driven sports coverage to every high school across the entire metro Portland and southwestern Washington markets.

Through this initiative, KOIN is offering uReport, a human-powered, AI-assisted platform widely endorsed across high schools and colleges nationwide, fully-funded to all high schools in the region. uReport is ISTE EdTech Index Approved and listed in the ISTE Learning Technology Directory, a vetted resource used by educators to identify high-quality digital learning tools.

This partnership empowers schools, students, and communities to create and share stories, highlights, and updates across all sports, while amplifying that content across KOIN.com. uReport is already endorsed by leading organizations including the National Interscholastic Athletic Administrators Association, College Sports Communicators and other groups representing over 17,000 high schools and colleges.

“Local sports coverage has historically reached the biggest schools and the biggest games. uReport flips that. Every school in our market — from the 6A powerhouse to the 1A program with 80 kids — now has a dedicated platform on KOIN.com,” said Tom Keeler, Vice President & General Manager of KOIN.

Key benefits for each school & community include:

A dedicated content platform for every school.The ability to cover every game, every sport at every level and include unlimited pictures and videos.Every school will also be featured on KOIN.com, allowing all schools to consistently make the news!Schools also distribute content onto their own social channels, creating an amazing content library Real-world training for student journalism and responsible use of AI in storytellingA free fan-powered mobile app for real-time contributions from the communityFull customer support for the platform, all year. 

Check out a quick explainer video here: KOIN – Supercharging Your Coverage

KOIN will host three short webinars for Portland market school administrators to learn more. Any administrator is encouraged to participate (administrator, teacher, coach or other, click below to attend):
Tuesday 5/5: 9am PT
Wednesday 5/6: 8am PT
Thursday 5/7: 12pm PT
Schools can self-start and sign-up right now to cover spring events and continue to have access for the entire 2026–27 academic year. Self-start sign-up is easy here: www.ureport.com/koin

For more information, contact uReport Director of Customer Success, Dan McGrath: 216-647-3857; dmcgrath@districtwon.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/districtwons-ureport-partners-with-koin-to-usher-back-local-sports-coverage-to-every-community-302760179.html

SOURCE DistrictWON

Continue Reading

Technology

Fuutura Outlines Architecture Built for the Cross-Border Stablecoin Corridors the IMF Now Tracks

Published

on

By

As the IMF’s April 2026 Global Financial Stability Report calls for enhanced regulatory oversight of cross-border stablecoin flows to emerging markets, Fuutura’s compliance-first architecture across identity, payments, and trading is built to support exactly this kind of regulatory oversight

PANAMA CITY, Panama, May 1, 2026 /PRNewswire/ — Fuutura, a blockchain infrastructure company building a compliance-first financial ecosystem for the global market, today set out its position on rising cross-border stablecoin flows to emerging markets, following the IMF’s call for enhanced regulatory oversight in its April 2026 Global Financial Stability Report.

 

 

The IMF’s findings reflect a structural shift in how money moves across emerging economies. Cross-border flows of the two largest dollar-pegged stablecoins, Tether and USD Coin, rose from approximately $12 billion in early 2020 to $316 billion by early 2025, outpacing flows of Bitcoin and Ethereum. A significant share of those flows has been directed toward emerging markets, with cumulative net inflows accelerating since late 2023. The IMF’s concern is that rapid stablecoin adoption in emerging markets, absent appropriate regulation and backstops, could lead to currency substitution, weaken the transmission of monetary policy, increase capital flow volatility, and create challenges for capital flow management measures.

The IMF report also acknowledges that stablecoins, with adequate regulation, could offer improved settlement efficiency, faster cross-border payments, increased competition in the payment space, and broader access to digital finance. The same flows that warrant enhanced oversight also reflect genuine demand for financial services that legacy infrastructure has consistently failed to deliver in emerging markets.

Fuutura is being built to make both possible at once. A compliance by design approach facilitates the very regulatory oversight the IMF is advocating. That same architecture allows the platform to serve users in markets unreached by legacy financial infrastructure. What that looks like in practice is best described by the people who have built it.

“The IMF’s findings lay bare something that anyone working in cross-border financial services across emerging markets has been seeing for years. The flows are real, the demand is structural, and the existing infrastructure has not been built to give regulators the kind of visibility they need to do their work properly. That is the gap our infrastructure is built to address, across cross-border payments, identity verification, and the trading layer that connects users to the global financial system. Compliance is not something we have layered on top of an existing platform. It is part of how the system functions at every level.”

Ellis McGrath, Co-founder and Chief Technology Officer, Fuutura

The architectural choice that defines Fuutura is the integration of compliance at a foundational level. Most digital asset platforms operate perimeter compliance, with KYC and AML conducted at onboarding and transaction monitoring sitting on top of an existing technology stack. Fuutura’s design records verified KYC and AML attestations on-chain and ties them to the user’s wallet, so that every interaction with the platform is gated by the presence of that attestation at the smart contract level. This applies across the entire ecosystem. Whether a user is opening a wallet, executing a trade on the exchange, or moving funds across borders, the same compliance design governs every interaction. The result is infrastructure where compliance is enforceable on every transaction and auditable by regulators at the on-chain level.

“The platforms that earn regulators’ trust will be the ones that make their work easier. The IMF’s call for proportionate monitoring of stablecoin flows reflects a broader truth about the relationship between innovators and regulators in this industry. Architecture that is open to inspection by default. A company posture that welcomes the questions responsible oversight requires. We believe the future of digital finance depends on builders and regulators working together, and we have designed Fuutura to support that relationship across every product on the platform.”

Oliver Cook KC, Co-founder and Chief Legal Officer, Fuutura

Fuutura is building for a market where existing financial infrastructure has consistently failed to deliver. The cross-border stablecoin corridors identified by the IMF are one part of that market. The broader scope is the millions of people and businesses across emerging economies who require digital identity, secure custody, and access to global financial markets in a single connected environment. The company’s launch marks the beginning of a phased rollout, with further ecosystem development planned as the platform scales across the markets it was designed to serve.

About Fuutura

Fuutura is a blockchain infrastructure company building a compliance-first financial ecosystem facilitating participation in the global financial system from underserved markets with a focus on the Global-South. The platform combines digital identity verification, a wallet, and a trading exchange into one unified ecosystem, giving users access to crypto and tokenised real-world assets through a single environment. Fuutura is pursuing licensing in multiple jurisdictions. Built with KYC and AML integrated at an architectural level, Fuutura is designed to be open to regulatory oversight by design. Fuutura is building infrastructure to extend digital finance to markets that legacy banking has not reached.

Media Contact
Fuutura
pr@fuutura.com

Forward-Looking Statements and Risk Disclosures

Digital asset risk. Digital assets are high-risk and their value may fall as well as rise. Trading digital assets involves significant risk and may not be suitable for all investors. Past performance is not a reliable indicator of future results.

Forward-looking statements. This press release contains forward-looking statements regarding Fuutura, its technology, products, business plans and future conduct, including statements relating to the phased rollout of the ecosystem, regulatory engagement and licensing outcomes, geographic expansion, and market ambitions. Forward-looking statements are identifiable by words such as “building,” “plans,” “intends,” “expects,” “designed to,” “anticipates” and similar expressions, as well as by statements regarding future outcomes, ambitions or strategic direction.

Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual outcomes to differ materially from those expressed. These include, without limitation, changes in the regulatory environment across jurisdictions; the availability and timing of licensing or authorisation; developments in digital asset markets; technological and cybersecurity risks; operational risks; counterparty and third-party risks; the pace of product development; and other factors beyond Fuutura’s control.

No offer or advice. Nothing in this press release constitutes an offer to sell, a solicitation to purchase, investment advice, or a recommendation in respect of any digital asset, crypto-asset, token, security, or financial product or instrument. Fuutura’s products and services may not be available in all jurisdictions and may be subject to regulatory restrictions. Access to Fuutura’s platform is restricted to residents of jurisdictions where its services are permitted.

No duty to update. Fuutura undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

This release is not for distribution in the United States, the United Kingdom, the European Union, or in any other jurisdiction where such distribution would be unlawful.

Photo:  https://mma.prnewswire.com/media/2970890/Fuutura.jpg
Logo:   https://mma.prnewswire.com/media/2965342/5949163/Fuutura_Logo.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/fuutura-outlines-architecture-built-for-the-cross-border-stablecoin-corridors-the-imf-now-tracks-302760188.html

Continue Reading

Trending