_______________________________________________________________________________ Cash

Processing Solutions

Barrie begins . “ These are hardware machines that are used by all the central banks , retail banks , casinos , and cash-in-transit companies . We also have the software that sits in retail outlets and banks in different areas of the cash cycle .”

Whilst many argue that cash is a declining sector due to digitalization and new technologies , Barrie acknowledges the inevitability and importance of cash use .

“ In the UK , we tend to use cards , but cash is used all over the world , and is very much linked to how countries are structured . Where there ’ s no infrastructure , they want cash ,” Barrie explains . “ Whilst the UK is different to these countries , cash is certainly a growing sector . Cash was very important during Covid ; cash is here to stay .”

Transformation strategy

As the cash sector continues to evolve , CPS has employed a unique transformation strategy to stay ahead of the curve and address some of the challenges that the business was experiencing . One of the challenges was the impact of its high-cost manufacturing facilities on profitability .

“ We found that it was very difficult to have manufacturing facilities in Dallas and in the UK , and a big headquarters in

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