MASkargo and CargoAi to Revolutionize Airfreight Transactions with CargoWALLET

Singapore – July 12, 2024 – CargoAi, a leader in digital freight solutions, is excited to announce a strategic partnership with MASkargo, the cargo airline and subsidiary of Malaysia Aviation Group. This collaboration aims to revolutionize airfreight booking and payment processes across nearly 100 countries worldwide through CargoWALLET, CargoAi’s innovative payment solution.

This partnership integrates MASkargo’s extensive airfreight services into CargoAi’s ecosystem, arming freight forwarders with the ability to book and pay for shipments directly through CargoWALLET.

Matt Petot, CEO of CargoAi, expressed his enthusiasm about the partnership, stating, “We are thrilled to collaborate with MASkargo to bring our innovative CargoWALLET solution to a broader audience. This partnership underscores our commitment to streamlining the airfreight process, reducing transaction costs, and facilitating global trade. By integrating MASkargo’s services into our solution ecosystem, we are providing our common users with enhanced access to a vast network of destinations and seamless payment options at the lowest cost.”

Chief Executive Officer of MASkargo, Mark Jason Thomas, said: “We are thrilled to announce the partnership between MASkargo and CargoAi. This collaboration signifies a resounding success for us in simplifying customer transactions through the CargoWALLET platform. Not only does this partnership elevate MASkargo’s position in today’s digital world and technology era, it also streamlines the process for customers, enabling them to easily track from the initial stage to acceptance within an incredibly innovative ecosystem. Our joint solution promises to make processes easier, faster, more cost-efficient, and ultimately deliver maximum value to our customers’ experience.”

From its hub in Kuala Lumpur, MASkargo is significantly accelerating the digitalisation of air cargo in the APAC region by offering all its worldwide cargo capacity, belly, and freighters on www.CargoAi.co. The new synergy between CargoAi and MASkargo will open up a more extensive network to all forwarding agents worldwide.

CargoWALLET’s advanced capabilities include instant payment processing, eliminating the need for bank guarantees, and offering a variety of preferred payment methods, such as local transfers and credit card payments. This not only removes the reliance on cash payments but also ensures secure and efficient financial transactions.

Moreover, the reconciliation process is automated within CargoWALLET, reducing administrative burdens, and enhancing operational efficiency for freight forwarders. Importantly, freight forwarders using CargoMART do not need to provide a bank guarantee or pay yearly subscriptions to access CargoWALLET, simplifying their financial processes and reducing overhead costs.

This partnership with MASkargo demonstrates CargoAi’s dedication to driving innovation and delivering unparalleled value to its customers. By leveraging CargoWALLET, freight forwarders can now enjoy a more streamlined, cost-effective, and efficient booking and payment experience.

About CargoAi:
Industry’s fastest-growing digital enabler, CargoAi is shaping and connecting the freight landscape through innovation. Led by industry experts, the company offers a complete ecosystem of digital solutions to drive frictionless procurement, payment, and sustainability. 

CargoAi brings best-in-class technology standards, an ability to execute and a completeness of vision to transform the freight industry. With its latest product, CargoWALLET, CargoAibrings a technology-first freight payment solution to expedite global, secure and instant payments to 150+ countries and 47 currencies.

CargoAi is headquartered in Singapore with teams in all continents. It is also a member of CargoTech, whose mission is to be the one-stop-shop for digital transformation in the air cargo industry.

For more information about CargoAi, visit www.cargoai.co 

About MASkargo:
MAB Kargo Sdn Bhd (MASkargo) is the air cargo arm and a subsidiary of Malaysia Aviation Group (MAG), a global aviation organisation comprising three focused business portfolios from Airlines, Loyalty, and Travel Solutions (LTS), and Aviation Services. MASkargo operates three A330-200F freighters from its home base in Kuala Lumpur International Airport. MASkargo offers a range of services in the air logistics trade, including belly space capacity, which services almost 100 destinations worldwide as well as warehouse facilities in KLIA, Penang International Airport, Kuching International Airport, and Kota Kinabalu International Airport.

For more information about MASkargo, visit www.maskargo.com