PayCargo appoints Lionel van der Walt as CEO USA

May 07, 2019: Lionel van der Walt, a veteran of the air cargo industry, has been appointed as the president and CEO of PayCargo, a company which operates a patented online payment system for the ocean, air, trucking and rail industries.

He succeeds Eduardo Del Riego, who will become the company’s new global CEO, effective July 1.

van der Walt spent over a decade with the International Air Transport Association (IATA) where he held various leadership roles based out of South Africa, Spain and the United States, including president at Cargo Network Services Corporation (CNS), IATA’s US cargo subsidiary.

In 2018 he joined RCI, Inc., who recently rebranded as the International Institute of Building Enclosure Consultants (IIBEC), to serve as their chief executive officer, based out of Raleigh, NC. He has also been serving as a member of PayCargo’s BOD since April of 2018, and has recently been appointed to serve on the RCI Foundation board.

In December of 2017, IATA and PayCargo, LLC (USA) signed an agreement to offer the New PayCargo-CNS System in the United States and became the online payment processing engine for expedited payments at US stations of participating airlines.

PayCargo signed a global agreement with IATA in March of this year to offer the IATA-PayCargo System.

van der Walt said: “It is an honor to join the world's leading and fastest growing online payment platform for the shipping and cargo industry. The company has a bright future and I look forward to working with Eduardo and the team to further accelerate the company’s expansion across the Americas. My focus will be to further strengthen the company as an innovative, dynamic and nimble financial technology solutions provider, working to maximize efficiencies and cross industry synergies in order to provide best in class services to our clients and partners.”