Digital freight solutions provider CargoAi has announced a partnership with the cargo airline and subsidiary of Malaysia Aviation Group, MASkargo, which aims to revolutionise airfreight booking and payment processes across nearly 100 countries worldwide.

MASkargo’s extensive air freight services will be integrated into CargoAi’s ecosystem, giving freight forwarders the ability to book and pay for shipments directly through CargoWALLET.

Matt Petot, chief executive of CargoAi, said: “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.”

Mark Jason Thomas, chief executive of MASkargo, said: “Not only does this partnership elevate MASkargo’s position in today’s digital world and technology era, 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.”

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.

CargoWALLET’s advanced capabilities include instant payment processing, eliminating the need for bank guarantees, and offering a variety of preferred payment methods, such as local transfers and credit card payments, removing the reliance on cash payments and ensuring secure and efficient financial transactions.

Furthermore, 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.

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