PayCargo, an online payment platform for the shipping and cargo industry, has launched operations in Europe.

The company’s new European unit will operate under the name PayCargo Europe B.V.

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PayCargo offers online solution for Air, Ocean, Trucking, and Warehouses, which reduce payment processing costs through automation. The electronic tools offered by the firm phases out the requirement of printing, mailing or delivering checks, wire transfers or cash, enabling users to release the cargo faster.

PayCargo US HQ COO Juan Dieppa said: “With the support of our large client base in addition to our global Carrier support, it is time to establish our service around the world in cargo-centric locations.

“Given the importance of the European freight market, our choice quickly fell upon Amsterdam, The Netherlands being at the heart of it.”

PayCargo Europe CEO Adriaan Reinders B.V. added: “We are ambitiously growing around the globe and it is only natural to have an Amsterdam base in order to service the local cargo players even better then we could from our HQ in the United States.”