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Cash handling companies seek more for ATM refills
MUMBAI: Cash logistics companies, which replenish ATMs, have approached banks seeking measures to offset a sharp rise in operating costs, warning that a combination of fuel inflation, wage hikes and compliance expenses could push industry costs up by 15-20% in the near term. An increase in fees is likely to require a revision in ATM interchange charges that banks pay to other banks for customers using off network ATMs.
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thehindubusinessline.com
Rising cost pressures: Cash logistics firms face 15–20% cost surge: SRO
The cash logistics industry anticipates a 15-20% cost increase due to rising fuel and wage expenses, prompting urgent pricing adjustments.
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timesofindia.indiatimes.com
Cash handling companies seek more for ATM refills
MUMBAI: Cash logistics companies, which replenish ATMs, have approached banks seeking measures to offset a sharp rise in operating costs, warning that a combination of fuel…