PRODUCT
Experience a New Level of Security in Trade Payments
WALBING Track & Pay (TnP) is the world’s first fully digital B2B payment solution that replaces letters of credit. TnP automates trade payments by establishing a link between the shipment’s progress and payment terms.














In partnership with
Letter of credit for the digital age
Bid farewell to the cumbersome letter of credit procedures. Powered by IoT technology, TnP reports the location and physical parameters of your shipment en route and triggers B2B payments once all delivery conditions are fulfilled.


TnP's IoT trackers measure and
transmit real-time data
about the shipment progress
and conditions, without
human intervention.
Beyond the geolocation,
TnP trackers can measure
temperature,
atmospheric pressure,
humidity, and shock on
the shipment unit level.
The LEAP App by Lufthansa
Industry Solutions assigns
TnP trackers to the shipment
units and activates tracking.
The TnP IoT trackers can be
used on various modes
of transportation,
including roads, rail, sea,
waterways, and air.
Rather than just guaranteeing
payment, TnP triggers a payout
to the seller upon the goods'
arrival and fulfillment of
other TnP conditions.
How it works
Define TnP payment terms
Parties define the TnP payment trigger, such as goods' geolocation and physical parameters
We secure your payment
WALBING secures the buyer's payment on an escrow account until the TnP conditions are fulfilled
IoT trackers are dispatched
The shipper receives the IoT trackers. Once activated via the LEAP App, the devices transfer shipment data
Goods are tracked in real time
The geolocation and other parameters are measured and reported to the WALBING platform
Seller receives payout
Once the TnP conditions are fulfilled, our system automatically triggers a payout to the seller
Define TnP payment terms
Parties define the TnP payment trigger, such as goods' geolocation and physical parameters
We secure your payment
WALBING secures the buyer's payment on an escrow account until the TnP conditions are fulfilled
IoT trackers are dispatched
The shipper receives the IoT trackers. Once activated via the LEAP App, the devices transfer shipment data
Goods are tracked in real time
The geolocation and other parameters are measured and reported to the WALBING platform
Seller receives payout
Once the TnP conditions are fulfilled, our system automatically triggers a payout to the seller
Boost efficiency of your trade transactions
Get payout
instead of a guarantee
By securing the cash before shipment, Track & Pay offers greater confidence than a letter of credit that only guarantees payment
Sell faster and
reinvest in growth
Track & Pay is completely unbureaucratic and saves you valuable time and effort so you can focus on your business priorities
Build a network of
trusted customers
Track & Pay helps you build a trusted trade network with our thorough KYC and AML checks and full transaction history on our platform
Empowered by strong partnership


We support WALBING with our experience and technical know-how in automating a secure payment process. With our IoT devices, we can reliably record and transmit physical parameters of each shipment. This allows companies to gain a whole new level of security and transparency in international trade.
Dr. Holger Schlueter,
Business Development Manager, Lufthansa Industry Solutions


We’ve created Track & Pay to make international B2B payments fit for the digital age. By offering a digital alternative for the letter of credit, our FinTech solution establishes a new level of security in payments allowing you and your partners to do business across borders with confidence.
Joerg Hoerster
CEO at WALBING
Ready to Track & Pay?
Conditions
-
SET-UP DURATION:
-
COST:
-
PAYMENT SECURITY:
-
SET-UP EFFORT:
-
PAYMENT TRIGGER:
Track & Pay
-
1 - 2 days
-
0.8%
-
Pre-paid to escrow account
-
KYC & AML checks only
-
Real-time goods tracking
Letter of credit
-
3 - 4 weeks
-
1 - 5%
-
Conditional guarantee only
-
Full credit process
-
Paper documents
TnP vs Letter of Credit
Set-up duration:
TnP: 1 – 2 days
LoC: 3 – 4 weeks
cost:
TnP: 0.8%
LoC: 1 – 5%
payment security:
TnP: Pre-paid to escrow account
LoC: Conditional guarantee only
set-up effort:
TnP: KYC and AML checks only
LoC: Full credit procedure
payment trigger:
TnP: Real-time goods tracking
LoC: pPaper documents
Conditions
Set-up duration:
cost:
payment security:
set-up effort:
payment trigger:
Track & Pay
1 – 2 days
0.8%
Pre-paid to escrow account
KYC and AML checks only
Real-time goods tracking
Letter of credit
3 – 4 weeks
1 – 5%
Conditional guarantee only
Full credit process
Paper documents