Neutral Air Partner (NAP) has announced the launch of NAPAY, a payment solution designed exclusively for its network. 

NAPAY was developed in cooperation with CargoAi. This platform uses CargoWALLET technology to enable secure and efficient financial transactions in the air cargo industry worldwide.

NAP said as air cargo continues to evolve through digital innovation, the need for streamlined, cost-effective payment solutions has become paramount.

"NAPAY addresses this challenge by enabling freight forwarders, consolidators, airlines, and GSSAs within the NAP network to process international payments with unmatched efficiency," it added.

By integrating CargoWALLET's multi-currency, API-first payment platform, NAPAY offers new features to its members, including real-time payment processing across over 150 countries and 47 currencies, ensuring secure and timely financial flows; enhanced security and transparency with robust encryption and traceability features to maintain full compliance with international standards; and operational efficiency.

"Partnering with CargoWallet to launch NAPAY marks a significant milestone for Neutral Air Partner," said Christos Spyrou, chief executive officer of NAP.

"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, CFO of EZ Cargo, noted that traditional payment options are "slow and expensive," but NAPay offers real-time payments at a reasonable cost.

Olivier Veyrac, senior vice president of CargoAi's CargoWALLET, said its collaboration with Neutral Air Partner on NAPAY, shows 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," he said.