MASkargo and CargoAi partner for CargoWALLET
CargoWALLET’s capabilities include instant payment processing, eliminating the need for bank guarantees.
CargoAi has announced a strategic partnership with MASkargo, the cargo airline and subsidiary of Malaysia Aviation Group, to transform airfreight booking and payment processes across nearly 100 countries worldwide via CargoWALLET, CargoAi’s advanced payment solution, according to an official release by CargoAi.
This partnership integrates MASkargo’s comprehensive airfreight services into CargoAi’s ecosystem, enabling freight forwarders to book and pay for shipments seamlessly through CargoWALLET.
“We are thrilled to collaborate with MASkargo to bring our innovative CargoWALLET solution to a broader audience. This partnership underscores our commitment to streamlining the airfreight process, reducing transaction costs, and facilitating global trade. By integrating MASkargo’s services into our solution ecosystem, we are providing our common users with enhanced access to a vast network of destinations and seamless payment options at the lowest cost,” says Matt Petot, CEO of CargoAi.
CargoWALLET’s advanced capabilities include instant payment processing, eliminating the need for bank guarantees, and supporting various preferred payment methods like local transfers and credit card payments. This not only reduces reliance on cash payments but also ensures secure and efficient financial transactions, the release mentions.
“We are thrilled to announce the partnership between MASkargo and CargoAi. This collaboration signifies a resounding success for us in simplifying customer transactions through the CargoWALLET platform. Not only does this partnership elevate MASkargo's position in today's digital world and technology era, but it also streamlines the process for customers, enabling them to easily track from the initial stage to acceptance within an incredibly innovative ecosystem. Our joint solution promises to make processes easier, faster, more cost-efficient, and ultimately deliver maximum value to our customers' experience,’’ says Mark Jason Thomas, Chief Executive Officer of MASkargo.
“Moreover, the reconciliation process is automated within CargoWALLET, reducing administrative burdens, and enhancing operational efficiency for freight forwarders. Importantly, freight forwarders using CargoMART do not need to provide a bank guarantee or pay yearly subscriptions to access CargoWALLET, simplifying their financial processes and reducing overhead costs.”
From its hub in Kuala Lumpur, MASkargo is accelerating the digitalisation of air cargo in the APAC region by offering all its worldwide cargo capacity, belly, and freighters on CargoAi.
