Cash-in-transit (CIT) is largely defined as the physical transfer of banknotes, coins, cheques, and other valuable items from one location to another. It is popular among many corporations, as it has been serving them for the longest time by providing the most secure solutions in moving their money to and from the bank.
You will see armoured vehicles and security couriers on the street every day. But have you ever wondered how the cash-in-transit service industry started? Did you know that courier companies in Australia stretch back as far as camel trains that carried goods and supplies throughout the country and its outback? Check out the infographic below which details the brief history of cash in transit.