CargoAi Appoints Fintech Expert Olivier Veyrac as SVP for CargoWALLET

CargoAi, a leading digital solutions provider in the air cargo industry, has named Olivier Veyrac as Senior Vice President of CargoWALLET. Launched in February 2023, CargoWALLET has quickly become a vital tool, facilitating cargo payments in over 47 currencies across 150 countries.

In just 18 months, CargoWALLET has been embraced by more than 5,000 airlines, freight forwarders, ground handling agents (GHAs), and logistics service providers. This innovative payment solution allows CargoAi freight professionals to make payments using local methods, ensuring faster and more efficient transactions.

The platform also integrates directly with Transport Management Systems (TMS) for freight forwarders, enabling quicker payments and easier reconciliation through multiple payment methods. According to Matt Petot, CEO of CargoAi, "The rapid success of CargoWALLET is a clear indicator that the industry is eager for reliable, instant payment solutions. Veyrac's extensive experience in fintech and global B2B payment solutions will be crucial as we continue to scale our offerings."

Veyrac, who brings significant expertise in financial technology and global payment systems, expressed his excitement about joining CargoAi. "CargoWALLET offers unmatched reach in the industry, supporting over 200 payment methods and meeting stringent banking regulations. My focus will be on expanding its features, partnerships, and global reach in the coming months," Veyrac stated.