Cathay Cargo Terminal introduces ePayments
01 / 03 / 2024
Photo: Cathay Pacific
Cathay Cargo Terminal has become the first air cargo terminal in Hong Kong to introduce a business-to-business (B2B) ePayment solution.
The terminal has partnered with global cargo payment platform PayCargo to offer a digital payment method for import cargo collection that is designed to be secure, user-friendly, and efficient. Cathay Cargo Terminal has also become PayCargo’s launch cargo terminal partner in the Hong Kong market.
Cathay Cargo Terminal chief operating officer Mark Watts said: “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.”
According to Cathay Cargo Terminal, freight forwarders using the ePayment solution will be able to settle transactions 24/7 from any location, eliminating the need to queue for cash payments.
The solution also offers enhanced security, and expedites the cargo release process.
Cathay Cargo Terminal already enables cashless cargo import payments at its Dongguan intermodal facility in the Chinese Mainland, with payments accepted via Alipay, WeChatPay and UnionPay.
“It is now our ambition to be the first air cargo terminal to go fully cashless in Hong Kong,” said Watts.
Freight forwarders can also set up direct credit facilities with Cathay Cargo Terminal. “Cashless payments complement the eSRF process for import shipment release and make the full benefits of eSRF available to more of the terminal’s esteemed freight forwarder partners,” said Cathay Cargo Terminal.
PayCargo is a freight payment solution for the global logistics industry that has been operating since 2009. It has over 5,000 logistics vendors and over 50,000 registered payers (mostly freight forwarders) in its network.
Cathay Cargo Terminal goes fully digital on import collection
Cathay Cargo Terminal extends Hong Kong intermodal operations
