In a blow to IATA, the future of CASS, its payments system, is in doubt after PayCargo announced this morning that it was going global and adding export payments to its platform.

And CASS users have admitted they were looking for alternatives.

Ambitious PayCargo, which received $130m in Series C funding in June led by Blackstone Growth, plans to be the largest payment system in the world, it said this morning.

It is expanding into more countries, including Australia, Vietnam, Singapore, South Korea and Japan. It currently has 55,000 users across all modes of transport, and plans to “grow significantly over the next few years”.

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