Australia Confronts a Cashless Future as Money Courier Falters

The transport company that moves 90% of physical money around Australia to banks, retailers and ATMs is fighting for its life in an extended roundof emergency negotiations, underscoring the complexities in the battle to keep cash easily accessible.

The uncertain fate of Linfox Armaguard Pty Ltd., owned by trucking billionaire Lindsay Fox, has raised concerns that people and businesses might have to make do without access to notes and coins, which currently account for about 7% of payments.

Negotiations on behalf of lenders are being conducted by a group representing the country’s biggest firms, the Australian Banking ...