Cathay Cargo Terminal enables ePayments
Partners with PayCargo; first air cargo terminal in Hong Kong to offer seamless payment for cargo collection
Photo Credit: Cathay Cargo Terminal
Cathay Cargo Terminal has become the first air cargo terminal in Hong Kong to introduce a business-to-business (B2B) ePayment solution, partnering with leading global cargo payment platform PayCargo to offer a secure, user-friendly and efficient digital payment method for import cargo collection.
“We are delighted to have selected PayCargo as our ePayment solution, providing more choice and convenience for freight forwarders and their trucking agents," says Mark Watts, Chief Operating Officer, Cathay Cargo Terminal. "This marks yet another milestone in our digital journey after enabling electronic airway bills (eAWBs) and introducing electronic shipment release form (eSRF) at our terminal, reaffirming our commitment to digital leadership.”
Benefits to freight forwarders include the convenience of settling transactions anytime anywhere, eliminating queuing for cash payments, enhanced security, and expediting the entire cargo release process, says an official release. "This initiative has also been welcomed by the terminal’s customer airlines who value the ease with which their customers will be able to settle payments in future.
"Cathay Cargo Terminal already enables cashless cargo import payments at its Dongguan intermodal facility in the Chinese Mainland with payments accepted via Alipay, WeChatPay and UnionPay."
Watts adds: “It is now our ambition to be the first air cargo terminal to go fully cashless in Hong Kong."
Freight forwarders may also set up direct credit facilities with Cathay Cargo Terminal, the release added. "Cashless payments complement the eSRF process for import shipment release and make the full benefits of eSRF available to more of the terminal’s freight forwarder partners."
PayCargo is a freight payment solution for the global logistics industry operating since 2009. It has over 5,000 logistics vendors and over 50,000 registered payers (mostly freight forwarders) in its network. Cathay Cargo Terminal will become PayCargo’s launch cargo terminal partner in the Hong Kong market, the release added.
Morgan Law, Commercial Director, Asia, PayCargo says: "We are thrilled to embark on this journey with Cathay Cargo Terminal, bringing forth a new era of efficiency and security in cargo payments. We are confident that PayCargo will not only streamline the financial workflow but also enhance the overall customer experience. Together, we are creating a new benchmark in the Hong Kong logistics sector, with a focus on speed, reliability, and convenience."
