Air Cargo Management

PayCargo launches first Canadian dollar online freight payment system

PayCargo coronavirus

Customers now have the flexibility to pay in either Canadian or US dollars for the first time as PayCargo has launched a dedicated Canadian Dollar online freight payment platform.

The Canada launch, part of ongoing growth and development plans by the Fintech company, was fast-tracked to help customers across the supply chain overcome payment challenges related to the Covid-19 outbreak.

PayCargo president and CEO of Americas, Lionel van der Walt, said: “We have been planning a phased expansion into Canada, and this launch at a challenging time for the industry, completes our move into this vitally important market.

“We believe this is the first dedicated online CAD freight payment platform in Canada and that it will provide significant benefits for Canadian industry stakeholders, from the small-to-medium enterprises right up to the big players.”

Online payments have become particularly critical during the Covid-19 outbreak, as the global supply chain has had to alter how business is conducted, as workforces adapt to homeworking and social distancing has become standard policy.

The pandemic has also highlighted how unsuitable using cash, checks, vouchers, and traditional POS terminals are, and the value of digital payments.

Among the companies already registered to start using the service are: DHL Global Forwarding; DSV; Air-City; Airtime Express; Cargo Airport Services Canada; COSCO Shipping Lines; ECU Worldwide Canada; Menzies Aviation; OOCL; Overseas Container Forwarding; Overseas Container Logistics; Thompson Ahern & Co; Total Express; Shipco Transport; Vanguard Logistics Services, and Yang Ming Shipping.

Users already registered in the PayCargo system and currently processing USD payments in Canada have to register separately to use this new CAD service.

PayCargo also recently launched a new free communication mechanism via its online payment platform that allows suppliers such as airlines, ship terminals, and maritime operators to share key information with the 20,000-plus payer users in the company’s online system.

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