Fintech North America Paytech

PayCargo launches first dedicated online freight payment service supporting Canadian dollar transactions in Canada

The Fintech company fast-tracked the launch to meet growing demands from across the supply chain for online payments during the Covid-19 pandemic

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

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.

 

“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,” said Lionel van der Walt, President and CEO of Americas, PayCargo

“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.

Author

  • Editorial Director of the The Fintech Times

Related posts

Expert Opinion: Mark Beeston from Iluminate Financial on Investment

Manisha Patel

Santander launches PagoFX in the UK to offer fast, secure and low-cost international transfers with no fees for two months

Mark Walker

Azimo forms partnership with one of Thailand’s leading universal banks SCB to make transfers faster and cheaper

Manisha Patel