Commonwealth Bank of Australia (ASX:CBA), Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank (ASX:NAB), and ANZ Group Holdings (ASX:ANZ, NZE:ANZ) along with retail firms Coles Group (ASX:COL), Wesfarmers (ASX:WES), and Woolworths (ASX:WOW), have agreed to provide an additional AU$25.5 million in funding to Armaguard Group through to December, according to a joint Monday statement by the Australian Banking Association and Armaguard.

The funding extension is on top of a AU$50 million funding provision over 12 months to support the development of a cash distribution system in Australia, per the statement.