News / PayCargo instant payments system takes off in air cargo

PayCargo has launched itself with much fanfare into the air cargo industry.

The firm began its business – instant payments between forwarders/agents and carriers – a decade ago in the ocean freight trade, building up some 2,500 vendors on its books and nearly 13,000 payers. 

And its popularity is continuing, according to its chief executive officer for the Americas, Lionel van der Walt. 

“This is a big marketplace that’s so behind in terms of tech,” he said. “There is huge opportunity.  

“PayCargo is doubling its revenues and ebitda every year; we are a ...