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Reduction in FX & Wire Costs
A leading global freight platform connects B2B and B2C shippers with freight forwarders, airlines, and carriers across multiple markets. The platform enables price comparison, instant booking, and end-to-end shipment management for thousands of importers and exporters worldwide.
Despite its strong marketplace ecosystem, the company faced major challenges in managing global collections and ensuring timely payouts to carriers across destination markets.
No Real-Time Visibility of Collections & Payouts
Shipper payments came in through different currencies and local methods, but the platform couldn’t track collections or release payouts in real time—slowing operations and complicating reconciliation.
Lack of Real-Time Settelements
Shipper payments often took hours or days to confirm, and cross-border payouts to carriers were delayed due to settlement cycles and intermediary banks thus slowing bookings, disrupting operations, and reducing marketplace efficiency.
Low Visibility & Manual Reconcialiation
Tracking collections from many payment partners made reconciliation time-consuming and error-prone. Instant confirmation was not always available.
Delayed Payouts to Carriers
Carriers required fast settlement for capacity release and scheduling. Payment delays disrupted service quality and trust in the marketplace model.
One Integration for Global Collections
With a single Tazapay integration, the marketplace enabled payments from 170+ countries, unlocked local payment methods in 80+ markets, and eliminated the need for multiple payment vendor integration.
Local Payment Rails for Faster & Cheaper Processing
Tazapay replaced high-cost transfers with a mix of SWIFT and local payment rails, significantly reducing FX and wire costs.
Real-Time Payment Confirmation
Instant settlement visibility allowed the platform to confirm bookings and allocate freight capacity without delays.
Same Day Local Payouts to Carriers
Funds collected from shippers were settled and paid out to carriers on the same day in their local currencies avoiding long international settlement cycles.
Unified Global Treasury
A single account to collect, convert, hold, and disburse in 35+ currencies, bringing transparency and operational efficiency across all payment flows.
Faster Booking & Shipment Confirmation
Instant transaction confirmation enabled real-time allocation of freight capacity thus reducing booking delays and improving shipper experience.
Up to 60% Reduction in FX & Wire Costs
Local bank trasfers & APMs replaced high-fee international transfers and card networks.
Multi-Market Expansion Without Local Entities
The platform launched payment capabilities in new markets without opening local entities, enabling rapid geographic expansion.
Improved Operational Efficiency
Unified collections and payouts eliminated manual reconciliation and removed the need for multiple payment providers.
Faster Carrier Payouts = Better Supply Availability
Same-day settlements increased carrier trust and ensured consistent capacity availability for shippers.
By integrating Tazapay, the freight marketplace turned complex cross-border payment flows into a unified, real-time system. Instant collections, same-day payouts, and reduced FX costs empowered the platform to scale faster, improve conversion rates, and deliver a more reliable experience for both shippers and carriers.
Tazapay’s infrastructure now powers the platform’s global payment engine enabling seamless expansion without the need for local entities and ensuring transparent, fast, and cost-efficient freight payment operations across 80+ markets.
Freight & Shipment
