MENA Region’s Seed Group Teams Up with PayCargo, a Florida based Logistics Payment Platform

Seed Group, a subsidiary of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, recently entered a “strategic” alliance with PayCargo, a Florida-headquartered global logistics payment platform, in order “to bring its tried and tested payment technology to the UAE.”

As noted in an update shared with CI, Seed Group will “help PayCargo set up a base in the UAE and expand in the country and the wider MENA region.” Under the new partnership, the Group will “introduce PayCargo to the market and leverage its strong and diverse base of connections to enhance its presence in the MENA region.”

Known for its commercial payments solutions, PayCargo caters “to the ocean, air, trucking, and rail industries.” It specializes in digital tools that “ensure greater efficiency by automating payment processes with multiple financing options, dispute resolution, email alerting, systems integration, and reporting capabilities.”

With more than 5,000 logistics vendors in its network, including major ocean carriers such as Maersk, Evergreen, and Yang Ming, PayCargo’s services “pose numerous benefits for companies operating in the logistics sector, some of which include reducing costs, time wasted, and transaction disputes across the value chain.”

Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said:

“We are excited to announce our new partnership with PayCargo, a unique company with efficiency at its heart. PayCargo’s financial services offer a plethora of benefits which I think companies in the MENA region can truly benefit from. We are looking forward to facilitating its expansion in the region and guiding it throughout its journey to success.”

Eduardo Del Riego, President and CEO of PayCargo, remarked:

“The vendors that have partnered with us in the past have experienced the unrivalled efficiency that PayCargo offers, specifically receiving payment overnight and releasing cargo within a few hours. The MENA region is known for its keenness when it comes to technology adoption, and we are excited to be a part of its digital transformation. We are looking forward to our partnership with Seed Group, which I think will add a lot of value to our business.”

PayCargo’s vision is “to revolutionize the efficiency of the worldwide movement of goods and materials shipped via sea, land, and air through the use of its proprietary online payment solution, which has a proven track record of improving its customers’ profitability and speed.”

Over the past 16 years, Seed Group has joined forces with numerous companies worldwide looking “to expand into and enhance their presence in the region by forming strategic partnerships that benefit both the company and the industries they cater to in the MENA region.”

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