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Picture this: a container is finally off the ship or off the main deck or belly of an arriving aircraft, the paperwork is ready, the trucks are staged . . . and then everything stops. It stops for only one reason, the payment hasn’t cleared.
Often these days we talk about cranes and congestion and labor shortages, but “slow money” can hold cargo hostage just as effectively.
PayCargo came in as the “payment futurama” nineteen years ago.
Founded in 2007, by Eduardo Del Riego, current CEO and his team based in Coral Gables, Florida, PayCargo in 2026 is the freight payments backbone for logistics.
Today tens of thousands of active users are making payments and receiving them, with more joining every month.
And the platform isn’t stuck in one mode of transportation.
It’s designed so payers can move money quickly and securely to airlines, ocean carriers, ports, ground handlers, freight forwarders, customs brokers, the whole supply chain ecosystem.
So the headline isn’t “a payments tool.”
It’s a network that reduces friction where freight actually gets delayed.
That’s the vision PayCargo CEO, Eduardo Del Riego, keeps coming back to: modern freight payments that lower transaction costs, speed up cargo release, and make the supply chain more agile. And what’s interesting is how his career kind of foreshadows that mission.
He didn’t come out of nowhere. He’s been in shipping forever.
Eduardo started at Crowley Maritime and moved through operations, sales, and management.
Then he leans entrepreneurial, building and scaling shipping and tech businesses over decades, including shipping agency operations, maritime software, logistics ventures, and investments across the maritime and fintech world.
So when Eduardo Del Riego talks about bottlenecks, he’s not guessing.
He’s lived that part: the handoffs, the approvals, the “we sent it yesterday” emails.
As the TIACA Air Cargo Forum takes shape next week inside the big Miami Beach Convention Center, PayCargo will be present and on the half shell for all to come visit October 26-29. Here are some thoughts Eduardo shared recently in an interview: “we’re obsessed with physical constraints, but payment processing can be the invisible delay. Cargo can be ready to go, yet it sits because the transaction is crawling through outdated workflows.
“Which is wild, because in a lot of industries, payment is instant.
“But in logistics, the stakes are different.
“One delayed release can trigger storage charges, missed connections, angry customers, and a domino effect.
“PayCargo positions itself as a neutral bridge. Not a carrier. Not a forwarder. Not a shipper. A connector between them, so money can move directly from payer to vendor using secure banking partners.
“That “neutral” point matters, because trust is everything.
“We not trying to be the bank that holds the funds.
“PayCargo is the technology layer that routes the transaction safely,” Eduardo Del Riego declared.
In 2026 PayCargo works with huge payers, names you’d recognize from global logistics and retail, and they serve thousands of vendors.
Their vendor side includes major airlines and the biggest ocean carriers.
So if you’re a forwarder or a shipper, you’re not asking, “Will the other side accept this?” The other side is probably already on the network.
That network effect is also why Eduardo says they have an advantage globally.
In plenty of markets, there just isn’t an equivalent, established freight payments network with this kind of adoption.
But right now, the center of gravity for PayCargo is still North America.
The vast majority of their volume is in North America but their plan is expansion:
Western Europe hubs, the Middle East through places like Dubai and Abu Dhabi, and a push across Asia-Pacific.
“The goal is to make international volume a much bigger slice of the business over the next several years,” Eduardo declared.
So what about AI you say?
“All for AI from the get-go," says Eduardo Del Riego.
“In freight payments: spot-rate shipments change fast.
“Last-minute messages, updated charges, revised details.”
Eduardo’s point is that a meaningful chunk of those payments start out wrong because the information changes midstream.
Which leads to disputes, delays, and people spending their lives reconciling spreadsheets.
“The PayCargo approach is an AI-driven audit and matching process that lines up what the forwarder thinks they should pay with what the carrier believes they should receive, and it uses the surrounding context, including what’s buried in email threads.”
What all of that means is that instead of dragging for days, discrepancies can be resolved in minutes.
“That’s where you see real labor impact. Not AI is cool, but we don’t need 30 people doing manual audits anymore.”
Integration is another huge plus leveraged by PayCargo AI. “Historically, plugging enterprise systems into a payment network could take months.
“With AI-assisted workflows, we are talking onboarding and full integration measured in days.”
Eduardo describes AI writing a significant portion of their software code and handling the vast majority of their testing for security compliance and functionality.
“The story here is speed: build cycles that used to take half a year can compress into weeks, letting teams spend their time on higher-value work,” he said.
There’s also a cultural message that Mr. Del Riego keeps repeating: “if you’re leading a company, you can’t treat AI like a side project.”
He’s blunt about it.
“Adoption has to become a daily habit, and leadership has to require it, or teams fall behind while the market moves on.”
Now, one more thread in our story: visibility and ports. Payments don’t live in isolation. Cargo release is connected to knowing where equipment is, how fast it’s moving, what fees apply, and what the real status is.
That’s why a container-tracking portal developed by PayCargo with a major carrier matters.
The idea is broad, practical transparency across dozens of U.S. ports and inland points, using cameras and tracking tech.
“Better visibility helps carriers plan asset needs and automate parts of the fee process, like gates and demurrage,” Eduardo said.
So while the logistics industry watches peak seasons and shifting trade patterns, you can feel the urgency: when shipping cycles change, delays get expensive fast. No one wants a payment problem stacked on top of a demand surge.
Which brings us to the part that might be the most important: cybersecurity.
If you’re moving money in global logistics, you are a target.
Eduardo has said security is “PayCargo’s biggest spending area, with governance at the board level and layered cloud defenses built for sophisticated attacks, including AI-driven threats.
The resolution of the story with more developments face-to-face with the PayCargo team front and center at TIACA Miami all next week starting October 26 is basically this: make payments fast enough that they stop being a bottleneck, make the system smart enough to fix mistakes quickly, and make it secure enough that trust holds at scale.
For his part Eduardo Del Riego is looking ahead with a big expectation: crossing the billion-dollar revenue mark within the next several years, going deeper into airline logistics and ocean shipping.
Before we close, I want to land on his advice to entrepreneurs, because it ties the whole thing together.
“Don’t spend your life polishing small inconveniences.
“Go after the legacy parts of an industry that everyone complains about, but assumes can’t change.” He points out that “ships have grown dramatically over the decades, but infrastructure and processes on land haven’t kept pace. “If you fix the invisible delays, you unlock real movement,” Eduardo declares.
“Sometimes the invisible delay is simply money moving too slowly.”
That’s the PayCargo story at nineteen: take a problem hiding in plain sight, turn it into a network, and then use AI to compress time, reduce friction, and speed up cargo release across the supply chain.
Maybe the takeaway for everyone reading is this: the next big logistics breakthrough might not be a bigger crane or a faster ship. It might be removing the quiet, outdated steps that keep freight from moving.
Geoffrey Arend
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