Using the solution means freight forwarders can settle transactions instantly without queuing for cash payments, improving security and expediting the cargo release process.
The initiative has been welcomed by customer airlines because it makes settling payments quicker and easier.
Cathay Cargo Terminal accepts cashless cargo import payments at its Dongguan intermodal facility in Mainland China with payments accepted via Alipay, WeChatPay and UnionPay.
Mark Watts, Chief Operating Officer of Cathay Cargo Terminal, says, “We are delighted to have selected PayCargo as our ePayment solution, providing more choice and convenience for freight forwarders and their trucking agents. This marks yet another milestone in our digital journey after enabling eAWBs (electronic airwaybills) and introducing eSRF (electronic Shipment Release Forms) at our terminal, reaffirming our commitment to digital leadership.”
Morgan Law, Commercial Director Asia at PayCargo, adds, “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.”
Freight forwarders can set up direct credit facilities with Cathay Cargo Terminal.
Cashless payments complement the eSRF process for import shipment release and make eSRF’s benefits available to more freight forwarders.