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

2 years ago

July 10, 2024

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.

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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.

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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.

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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.

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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/

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SOURCE Technavio

Technology

ADX welcomes Morgan Stanley as the first international investment bank Remote Trading Member, expanding global access to Abu Dhabi’s capital markets

Published

6 hours ago

May 5, 2026

ABU DHABI, UAE, May 5, 2026 /PRNewswire/ — The Abu Dhabi Securities Exchange (ADX) Group today announced that Morgan Stanley, a leading investment bank and financial services company, has joined the ADX as its first international investment bank Remote Trading Member — enabling Morgan Stanley’s clients to access the ADX directly.

This milestone strengthens ADX’s global connectivity and supports growing international institutional demand for exposure to UAE markets. It also reinforces its position as one of the world’s fastest-growing exchanges by market capitalization, while highlighting the market’s continued progress in depth, liquidity, and inclusion in major global indices.

Remote membership enables Morgan Stanley to provide its clients with direct market access to the ADX, with trading conducted via the firm’s global trading platform. The ADX continues to play a pivotal role in advancing Abu Dhabi’s long-term economic ambitions, as a mechanism for a diversified, innovation-led, knowledge-based economy.

Morgan Stanley’s direct trading access to ADX reflects the strength of Abu Dhabi’s investment proposition and the continued institutionalization of UAE capital markets. Morgan Stanley’s membership will enhance execution quality, optimize order routing, and provide greater control across the end-to-end trade lifecycle, delivering an advanced trading experience for global investors.

The structure follows a proven international access model used by Morgan Stanley and is designed to meet growing client demand for efficient, transparent, and seamless access to ADX-listed opportunities.

Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX) Group, said: “This marks a significant step in advancing our ambition to be a leading financial marketplace that drives opportunity and sustainable economic growth. This momentum is reflected in the strong foreign investor participation, with trading value exceeding 85 billion dirhams in the first quarter of 2026 up by 22% year on year. This performance underscores the growing depth and global relevance of our market, while reinforcing our commitment to expanding international access, strengthening cross-border connectivity, and building a world-class market infrastructure that attracts global capital, supports a diverse range of issuers and contributes to Abu Dhabi’s long-term economic prosperity.”

Patrick Delivanis, Regional Co-Head of MENA at Morgan Stanley, said: “Becoming a Remote Trading Member of ADX reflects our focus on providing clients with efficient, seamless access to Abu Dhabi’s capital markets through our market–leading trading platform. We see continued momentum in the institutionalization and international participation of UAE markets, and we’re pleased to support that evolution by enabling international investors to access opportunities in MENA with direct connectivity to local markets, alongside greater transparency and control across the trading lifecycle.”

Morgan Stanley’s participation aligns with ADX’s strategy to strengthen international connectivity, with remote memberships selectively offered to global firms to attract high-quality cross-border liquidity. The announcement builds on the ADX’s expansion momentum: in 2025, foreign investment rose by nearly 14% and institutional trading increased by 10% year on year. Subject to final operational readiness, Morgan Stanley expects to begin trading as a remote member in the coming weeks.

About Abu Dhabi Securities Exchange (ADX)

The Abu Dhabi Securities Exchange (ADX) was established on 15 November 2000 pursuant to Local Law No. (3) of 2000, which granted the exchange legal rights with independent financial and administrative status, as well as the necessary supervisory and executive powers necessary to carry out its functions. On 17 March 2020, the ADX was converted from a public entity into a Public Joint Stock Company (PJSC) in accordance with Law No. (8) of 2020.

The ADX Group, a market infrastructure group comprising the exchange (ADX) and its post-trade ecosystem, including its wholly owned subsidiaries AD Depository and AD Clear, was established. Through its integrated and globally aligned business structure, the ADX Group supports efficient, transparent, and resilient capital markets across trading, clearing, settlement, and custody.

The Group provides an efficient and regulated marketplace for the trading of securities, including equities issued by public joint-stock companies, bonds issued by governments and corporations, exchange-traded funds (ETFs), and other financial instruments approved by the UAE Capital Market Authority.

The ADX is the second-largest exchange in the Arab region by market capitalization. Its strategy of delivering stable financial performance through diversified revenue streams is aligned with the UAE’s national development agenda, “Towards the Next 50”, which aims to build a sustainable, diversified, and high-value-added economy.

For more information, please contact:
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
Abu Dhabi Securities Exchange (ADX)
Mobile: +971 (50) 668 9733
Email: ALKhateebA@adx.ae

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SOURCE Abu Dhabi Securities Exchange (ADX)

Technology

Geotab integrates Polestar vehicles into its OEM telematics network

Published

6 hours ago

May 5, 2026

Fleet operators across North America, Europe, and APAC can now access Polestar vehicle data directly in MyGeotab — no aftermarket hardware required.

LONDON, UK, May 5, 2026 /PRNewswire/ — Geotab, a global leader in connected vehicle and asset management solutions, today announced the integration of Polestar vehicles into its OEM telematics network, giving commercial fleet operators seamless access to Polestar data within MyGeotab from day one — with no aftermarket hardware installation required. The integration is available globally across North America, Europe, and Asia Pacific, supporting all Polestar models.

Developed in collaboration with Geotab, among other telematics service providers, Polestar Fleet Telematics integrates directly into MyGeotab. The Geotab integration enables fleet managers to manage Polestar vehicles alongside all other makes and models on a single unified platform — without fitting additional devices.

Connected vehicle data where it matters most

Through Polestar Fleet Telematics, fleet operators gain near-real-time access to a comprehensive dataset — covering EV battery and charging status, location, tyre information, vehicle security, maintenance alerts, and climate data — flowing directly from Polestar’s connected vehicle architecture into MyGeotab, with no physical installation required.

This breadth of data enables fleet managers to move from reactive to proactive operations — scheduling maintenance before failures occur, optimising charge planning across depots, and maintaining duty-of-care oversight across the entire fleet.

Supporting Europe’s Mixed-Fleet Reality

OEM-embedded telematics removes the need for aftermarket device installation across mixed-manufacturer fleets, reducing logistical overhead and supporting compliance with works council and GDPR requirements — a critical consideration for European fleet operators.

“Polestar Fleet Telematics combines sustainability with intelligence, integrating seamlessly with Geotab to deliver these capabilities directly into the platforms fleet operators trust. Continuous data visibility enables more efficient and informed fleet operations, from day-to-day management to long-term planning. By leveraging Polestar vehicles’ embedded connectivity, fleet managers can make smarter, data-driven decisions — without adding hardware or complexity to their operations.” said Emma Knapp, Manager of Global Key Accounts at Polestar.

Polestar joins an OEM telematics network that already spans over 80% of leading global vehicle manufacturers by fleet market share, including BMW Group, Ford, Stellantis, Volkswagen Group, and Volvo Cars. For fleet operators already using MyGeotab, Polestar vehicles can be connected and deliver data without any additional hardware or installation.

“OEM-embedded telematics represents a change in how fleet data reaches the platform — and Polestar’s connected vehicle architecture makes this integration particularly well-suited for markets that are seriously considering transitioning to electric vehicles.” said Christoph Ludewig, Vice President OEM Global at Geotab. “Fleet operators managing mixed EV and internal combustion engine fleets no longer need separate tools or hardware for each vehicle type. Polestar data flows directly into MyGeotab alongside every other vehicle in the fleet — giving operators the consolidated visibility they need to drive efficiency, support duty of care, and manage their EV transition with confidence.”

Global Availability

The integration is available now across North America, Europe, and Asia Pacific, supporting all Polestar models. Fleet managers can activate the service via the Geotab Marketplace or by contacting their Geotab representative.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 28 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include the Polestar 7 compact SUV (to be introduced in 2028) and the Polestar 6 roadster. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

About Geotab

Geotab is a global leader in connected vehicle and asset management solutions, with headquarters in Oakville, Ontario and Atlanta, Georgia. Our mission is to make the world safer, more efficient, and sustainable. We leverage advanced data analytics and AI to transform fleet performance and operations, reducing cost and driving efficiency. Backed by top data scientists and engineers, we serve approximately 100,000 global customers, processing 100 billion data points daily from more than 5 million vehicle subscriptions. Geotab is trusted by Fortune 500 organisations, mid-sized fleets, and the largest public sector fleets in the world, including the US Federal government. Committed to data security and privacy, we hold FIPS 140-3 and FedRAMP authorisations. Our open platform, ecosystem of outstanding partners, and Geotab Marketplace deliver hundreds of fleet-ready third-party solutions. This year, we’re celebrating 25 years of innovation. Learn more at www.geotab.com/uk and follow us on LinkedIn or visit our blog.

GEOTAB and GEOTAB MARKETPLACE are registered trademarks of Geotab Inc. in Canada, the United States and/or other countries.

Media Contact: Geotab Contact, Romina Dashghachian, Strategic Communications Lead, EMEA, pr@geotab.com

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Technology

IDX Opens Geneva Office and Strengthens Global Data & Insights Capability

Published

6 hours ago

May 5, 2026

New Swiss presence and specialist team integration support growing global demand for evidence-based, defensible communications strategies

LONDON, May 5, 2026 /PRNewswire/ — IDX today announced the opening of its new Geneva office and the integration of a specialist Data & Insights team, strengthening the company’s international footprint and expanding its ability to help clients worldwide build communications strategies grounded in evidence, market intelligence and audience insight.

The expansion gives IDX an on-the-ground presence in Switzerland while adding further depth to its Data & Insights capability. The Geneva-based team will work closely with IDX specialists across performance marketing and corporate communications, helping clients develop a clearer view of the markets they operate in and the forces shaping their growth.

The move aligns with Destination 250 – Customers First, IDX’s global strategy to grow its team by 250, focused on deepening client value, strengthening delivery and investing in the capabilities that matter most to clients.

The investment strengthens the Data pillar of IDX’s Connected Content™ model, which combines Creative, Data, Technology and Media to create what IDX calls The Multiplier Effect, helping clients multiply what matters through more connected, measurable and effective work.

“IDX is experiencing phenomenal growth, and our new Geneva office gives us boots on the ground to better serve clients across Europe and globally across performance marketing, investor relations and corporate communications,” said Crispin Beale, Worldwide CEO, IDX. “Data has been at the heart of this business for decades, and this centre of excellence reflects our continued investment in that capability. It’s an incredibly exciting time for IDX, and I look forward to the next phase of our growth as we continue to expand globally.”

“This is an exciting step in IDX’s growth story and a clear response to what clients are asking for: more evidence-based thinking, stronger market context and clearer rationale behind their communications strategies,” said Chris Corrigan, Chief Customer Growth Officer, IDX. “Our new presence in Geneva, combined with deeper Data & Insights expertise, strengthens the way we support clients globally, giving them earlier access to the insight and market context they need to make better-informed decisions and turn evidence into action.”

The Geneva office will strengthen relationships with existing clients in the region, support re-engagement with former partners and create new opportunities for IDX with organisations operating across European and global markets. It reflects IDX’s continued investment in the capabilities that matter most to clients as communications, marketing and corporate reputation work become increasingly data-led and commercially accountable.

“IDX’s integrated offer across insights, performance marketing and corporate communications, powered by the combination of human intelligence, advanced technology and AI, represents exactly where the industry is heading,” said Lonneke de Roo, Head of Data & Insights, IDX. “I am delighted to join the business and help clients navigate increasingly complex markets with clearer evidence, sharper insight and more connected strategies.”

ABOUT IDX

IDX is a global strategic communications and marketing agency, headquartered in London with offices around the world, including New York, London, Phoenix, Helsinki, Gothenburg, Geneva, and Vadodara. Working with more than 1,600 clients across sectors, IDX combines deep industry knowledge with a data-first mindset to help ambitious brands thrive in complex, fast-moving markets. The firm specialises in performance marketing, investor relations, and stakeholder engagement, delivering integrated campaigns that drive meaningful business outcomes. Visit www.idx.inc to learn more.

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