Cathay Cargo Terminal first air cargo terminal in Hong Kong to enable ePayments

Cathay Cargo Terminal introduce a B2B ePayment solution

Cathay Cargo Terminal has become the first air cargo terminal in Hong Kong to introduce a business-to-business (B2B) ePayment solution, partnering with leading global cargo payment platform PayCargo to offer a secure, user-friendly, and efficient digital payment method for import cargo collection.

Mark Watts, Cathay Cargo Terminal Chief Operating Officer 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.”

Benefits to freight forwarders include the convenience of settling transactions anytime anywhere, eliminating queuing for cash payments, enhanced security, and expediting the entire cargo release process.

This initiative has also been welcomed by the terminal’s customer airlines, who value the ease with which their customers will be able to settle payments in future.

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 may 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.