Instant Payments: Transforming B2B Freight Transactions

Explore how instant payments are reshaping logistics with CargoWALLET, offering seamless, secure transactions for businesses worldwide.

In today's rapidly evolving financial landscape, the demand for instant payments is surging especially in the B2B context. Businesses worldwide are swiftly adapting to meet the post-pandemic expectation of immediate transactions. The groundwork for this transformation was laid back in 2018 when instant payment systems were introduced. However, it was the pandemic that accelerated the digital payment landscape, creating an anticipation for instantaneous transactions. In response, digital wallet usage saw a significant uptick, and a remarkable percentage of adults who embraced digital payments during the pandemic intend to continue using them.  

Instant payments are facilitated by the rapid adoption of digital wallets whereby the immediate exchange and processing of funds takes place in real-time.

Unlocking New Markets 

The adoption of instant payments opens up fresh opportunities and markets for logistics businesses worldwide. For instance, CargoAi’s CargoWALLET is revolutionizing the world of freight payments for forwarders with its technology-first solution to expedite instant and secure and instant payments with any freight vendor, anywhere in the world.  

One of the freight industry’s biggest bottlenecks is the delay in handing over shipments due to delayed payment reconciliation which affects businesses as modern consumers expect a frictionless user experience.   

Regulatory changes have enhanced the security of online payments and have levelled the playing field for payment service providers. This new landscape is conducive to harnessing the full potential of instant payments. 

Businesses of all sizes can delight their customers by offering more than just instant payments. For example, a boutique freight forwarder specializing in animal transport can up their game in terms of their offering, when the seamless transfer of pets to their owners (from aircraft to handler to owner) is expedited, and the peace of mind for their clients is hence increased, fostering trust and loyalty in an already stressful and emotional process – ensuring referral or repeat business for that freight forwarder.   

Advantages of Instant Payments with CargoWALLET  

Payments 24/7: Time differences and opening hours of traditional financial institutions are a thing of the past with instant WALLET to WALLET payments to match the pace of your operations.    

45+ Currencies & 150+ Countries: Unique combination of cross-border and cross-currency capabilities to fully take down trade barriers. 

200+ Payment Methods incl. your preferred local payment methods: A truly international payment solution, powered by most complete local payment capabilities, credit & debit cards, local and international bank transfers. 

The Best FOREX Rates: Transact in your currency of choice and benefit from mid-market rates.  

Pay Per Invoice or Batch-Pay: Switch between all payment methods on an invoice or batch pay basis. 

No Registration Fee & Competitive Pricing: With CargoWALLET, save up to 5 times on your current payment processing costs. Your finance manager will fall in love. With CargoWALLET, not us.  

Trade Financing Capabilities (limited countries): Cutting-edge trade financing facilities and extended payment terms available by application. There’s no stopping your business growth! 

Instant payments are not just a future trend; they are the solution available today for logistics businesses looking to meet the high expectations of their clients. By embracing instant payments, freight forwarders can enhance user experiences, unlock new markets, and stay ahead in the evolving financial landscape. 

To learn more about how CargoWALLET can help transform your payment processes, download our brochure.