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ATM cash loaders demand more money to cover increasing expenses
Cash logistics firms are urging banks for higher ATM replenishment fees due to escalating operational costs. Soaring fuel prices and increased minimum wages are pushing expenses up by an estimated 15-20%. A surge in replenishment trips, driven by demand-supply gaps, further inflates fuel expenses. The industry is exploring ways to optimize trips to manage these rising costs.
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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…
