NYK Acquires Kadmos Salary Payment Platform for Seafarers
On June 12, Nippon Yusen Kabushiki Kaisha (NYK) reached an agreement to acquire 100% of Kadmos Holding GmbH (Kadmos), a global end-to-end maritime salary payments platform provider headquartered in Germany.Founded in 2021 and based in Berlin and London, Kadmos provides salary payment solutions to shipowners, ship-management companies, and their global workforce of seafarers.In 2019, NYK established MarCoPay Inc. in Manila, Philippines, as a financial services platform. MarCoPay…
NYK Subsidiary, MarCoPay Test Paying Seafarers' Salaries in Digital Currency
An NYK Group shipmanagement subsidiary has begun to pay seafarers’ salaries in digital currency issued by MarCoPay Inc., a joint venture of NYK and the Transnational Diversified Group in the Philippines.After a successful March 2020 trial distributing electronic currency to seafarers at sea for the first time in the world, MarCoPay Inc. subsequently received approval from Philippine ministries and agencies to pay salaries to seafarers in digital currency.Filipino sailors on board an LNG carrier sailing off the coast of Durban…
BSM Debuts Digital Pay Platform for Seafarers
Bernhard Schulte Shipmanagement (BSM) launched BSM NiumPay, a digital payment platform for its seafarers and their families to manage finances. The new payment platform provides seafarers with a multi-currency eWallet and a complimentary VISA card. In addition, a supplementary VISA card is available for the seafarer’s family.With BSM NiumPay, seafarers can receive and send funds home in real-time, exchange money at best trading rates as well as withdraw cash at most ATMs worldwide.
