NEUTRAL Air Partner (NAP) has begun offering a new digital payment solution developed in partnership with CargoAi to enable secure and fast financial transactions across global air cargo operations.

NAPAY is powered by CargoAi's CargoWALLET technology and has been developed exclusively for NAP's network, according to London's Air Cargo News.

Freight forwarders, consolidators, airlines, and GSSAs within the NAP network are now able to process international payments using NAPAY.

NAP said that by integrating CargoWALLET's multi-currency, API-first payment platform, NAPAY offers real-time payment processing with instant transactions across over 150 countries and 47 currencies; enhanced security and transparency including encryption and traceability features to maintain full compliance with international standards; and operational efficiency through streamlined financial operations that contribute to reduced overhead and improved cash flow management.

NAP's chief executive Christos Spyrou said: "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."