Payment revolution

The movement of goods depends on a complex web of logistics, technology, and, critically, payments. However, the industry continues to struggle with outdated payment systems that can cause costly delays. Cross-border transactions, often involving multiple currencies and intermediaries, can take days to process, leaving freight forwarders and airlines grappling with inefficiency, high fees, and a lack of transparency.

For an industry that thrives on speed, relying on slow, traditional payment methods poses a significant barrier to growth and operational efficiency. The demand for a secure, fast, and transparent payment solution has never been greater.

“Moving money, especially globally, is complex and governed by strict regulations. Fintechs leverage data to make decisions and create new models that connect buyers and sellers,” Olivier Veyrac, Senior Vice President of CargoWALLET at CargoAi, said.

“For instance, many of us have used peer-to-peer payments in the consumer space to split cab fares or restaurant bills. While business-to-business payments are more complex, the same principles of visibility and connectivity apply. We can expect more features along these lines and a growing network of freight professionals on CargoWALLET. The increasing use of artificial intelligenc…

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