Latest news with #EduardoDelRiego
Hi Dubai
23-07-2025
- Business
- Hi Dubai
Emirates SkyCargo Partners with PayCargo to Launch Digital Cargo Payment Solutions in the UAE
Emirates SkyCargo has become the first airline in the region to partner with PayCargo, marking the official launch of the digital logistics payment platform in the UAE. The collaboration aims to modernise cargo payment processes, providing customers with a faster, more secure, and fully digital payment solution. PayCargo's platform allows freight forwarders, carriers, and vendors to connect and complete payments in real time. The UAE rollout comes as the logistics industry continues to rely on traditional systems that involve manual transactions and cash payments. By adopting PayCargo, Emirates SkyCargo now enables its UAE-based customers to make instant payments via credit card or direct debit. This results in same-day or next-business-day cargo release, significantly improving operational turnaround. Badr Abbas, Divisional Senior Vice President at Emirates SkyCargo, stated: The next era of logistics, and of Emirates SkyCargo, will be defined by smart technology and digital solutions. This partnership with PayCargo ensures we are at the forefront of that evolution, providing faster and more secure transactions for our customers, streamlining processes for our teams, and solving industry-wide challenges of accessing air freight capacity. Eduardo Del Riego, President and CEO of PayCargo, added: We're thrilled to launch in the UAE with Emirates SkyCargo as our first regional partner. This solution will help streamline the cargo payment process and save customers valuable time. By eliminating manual payment systems, we can provide a more efficient and reliable solution. The launch was supported by Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum. Seed Group played a key role in introducing PayCargo to the UAE market and facilitating its expansion across the Middle East and North Africa. The partnership aligns with the UAE's national focus on digital transformation and trade facilitation. As the country continues to invest in advanced infrastructure and innovation, this move is expected to strengthen the logistics ecosystem, reinforcing the UAE's position as a global logistics hub driven by technology and efficiency. News Source: Dubai Media Office
Yahoo
06-03-2025
- Business
- Yahoo
Hapag-Lloyd, PayCargo, Gnosis Freight partner on new Container Payment Portal
German shipping company Hapag-Lloyd has announced the launch of the Container Payment Portal (CPP), a collaborative effort with logistics payment platform PayCargo and supply chain software provider Gnosis Freight. The CPP is designed to streamline cargo movement and payment processes for customers and terminal operators in the US. The portal aims to provide real-time container status updates, automated invoice generation compliant with the Ocean Shipping Reform Act of 2022 (OSRA), and seamless electronic payments for import line demurrage charges. This integration is expected to advance the efficiency of cargo visibility, reduce container dwell times, ensure regulatory compliance, and improve payment transactions. PayCargo president and CEO Eduardo Del Riego said: 'By combining PayCargo's payment solution with Gnosis Freight's advanced Container Lifecycle Management Platform, this innovative portal represents a critical step forward in modernising and streamlining import processes in the container shipping industry.' CPP, powered by PayCargo's payment network and Gnosis Freight's Container Lifecycle Management Platform, offers a suite of features to enhance the shipping experience. These include real-time OSRA-compliant invoice generation, electronic payments for faster container release, and integrated dispute resolution tools. A user-friendly container watchlist interface further aids in shipment tracking and planning. The CPP will be gradually introduced at major US ports through 2025, encompassing locations such as Houston, Virginia, Charleston, and Los Angeles. Hapag-Lloyd regulatory affairs director Jason Drouyor said: 'In May 2024, revisions to demurrage and detention rules made by the US Federal Maritime Commission (FMC) went into effect, introducing new requirements for billing, timeframes, and the process for disputing unfair charges. The Container Payment Portal is designed to simplify compliance with these regulations.' Last month, Hapag-Lloyd obtained green financing for the acquisition of 24 new container vessels, with a total capacity of 312,000 twenty-foot equivalent units (TEU) at a cost of around $4bn. "Hapag-Lloyd, PayCargo, Gnosis Freight partner on new Container Payment Portal" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
