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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.
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.
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.
Tracking collections from many payment partners made reconciliation time-consuming and error-prone. Instant confirmation was not always available.
Carriers required fast settlement for capacity release and scheduling. Payment delays disrupted service quality and trust in the marketplace model.
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.
Tazapay replaced high-cost transfers with a mix of SWIFT and local payment rails, significantly reducing FX and wire costs.
Instant settlement visibility allowed the platform to confirm bookings and allocate freight capacity without delays.
Funds collected from shippers were settled and paid out to carriers on the same day in their local currencies avoiding long international settlement cycles.
A single account to collect, convert, hold, and disburse in 35+ currencies, bringing transparency and operational efficiency across all payment flows.
Instant transaction confirmation enabled real-time allocation of freight capacity thus reducing booking delays and improving shipper experience.
Local bank trasfers & APMs replaced high-fee international transfers and card networks.
The platform launched payment capabilities in new markets without opening local entities, enabling rapid geographic expansion.
Unified collections and payouts eliminated manual reconciliation and removed the need for multiple payment providers.
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.
Replace Virtual Accounts with multicurrency named virtual account
Freight & Shipment
