Through the height of the pandemic, the vast majority of retailers were forced to online and takeaway trade only. In store transactions were minimal and predominantly digital payments were encouraged. Fast forward two years, the world is opening back up and the fear surrounding the pandemic is subsiding across the globe. People are returning to pre-pandemic trends and getting back out in public; with the retail space being no exception.
With such a large portion of the consumer population ready to get back into stores, businesses need to ensure they have safe and effective procedures in place that assist them in day to day operations. Unfortunately, the effects of COVID have taken their toll on a large number of businesses, making employing new or additional staff difficult due to time or budget constraints. But with the return of face to face customers, operational procedures that are built to save time are a must. And although a large portion of payments are made through electronic means, the use of cash is still a very important part of the payment process.
According to a survey in 2021, around 98 percent of respondents in Australia used cash as payment method throughout 2021.
Gunnebo Cash Management solutions are built to get hands off the cash – meaning more time for the important things like serving customers and managing stores. Your cash is secured and processes automated. The Reserve Bank of Australia have stated that “cash is expected to remain an important means of payment into the future, particularly as some parts of the community rely heavily on cash in their daily lives.” Meaning implementing strong cash management solutions into your business is a worthwhile investment for the success of your business.
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