Image: CargoAI
Neutral Air Partner (NAP) has introduced NAPAY, a payment solution designed for its network members. The system was developed in collaboration with CargoAi and is powered by CargoWALLET technology. It aims to facilitate secure and efficient financial transactions within the...
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Neutral Air Partner (NAP) has introduced NAPAY, a payment solution designed for its network members. The system was developed in collaboration with CargoAi and is powered by CargoWALLET technology. It aims to facilitate secure and efficient financial transactions within the air cargo sector.
NAPAY provides freight forwarders, consolidators, airlines, and general sales and service agents (GSSAs) with an international payment platform. It supports real-time transactions across more than 150 countries in 47 currencies. The system also incorporates security and traceability features to comply with international financial regulations. Additionally, it is intended to improve operational efficiency by reducing administrative costs and enhancing cash flow management.
“Partnering with CargoWALLET to launch NAPAY marks a significant milestone for Neutral Air Partner,” said NAP’s CEO, Christos Spyrou. “Our goal is to empower our network with an advanced, reliable payment solution that not only simplifies transactions between members but also drives efficiency and transparency across the entire air cargo logistics ecosystem. NAPAY is a game-changer for our industry.”
Damien Rizzo, Chief Financial Officer of EZ Cargo and a member of NAP’s network, welcomed the new system. “I’m excited to start using NAPAY! As an NAP network member, we frequently send and receive payments with other global members. Traditional payment options are slow and expensive, but NAPAY offers real-time payments at a reasonable cost. It’s easy to use, helping us keep freight moving efficiently,” he said.
Olivier Veyrac, Senior Vice President of CargoAi’s CargoWALLET, highlighted the role of digital innovation in the sector. “We are excited to collaborate with Neutral Air Partner on NAPAY, a solution that exemplifies how digital innovation can transform freight logistics. By leveraging CargoWALLET’s capabilities, NAPAY delivers secure, real-time payments that support our mutual commitment to efficiency and excellence in the air cargo industry. This partnership reinforces our vision to simplify global freight transactions and drive sustainable growth.”
The launch of NAPAY reflects ongoing efforts by NAP and CargoAi to expand digital solutions in air cargo logistics, offering stakeholders tools to navigate a changing market.
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