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    ITF recovers multi-million sum of owed wages

    ITF recovers multi-million sum of owed wages

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    IUMI explores the implications of digitalization on marine insurance

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    Port of Tanjung Pelepas joins decarbonisation scheme

    10 trends influencing global commercial shipping

    UNCTAD: Global facts and figures that shape maritime transport

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    AD Ports, Karachi Port Trust sign MoU to develop terminal infrastructure

    Decarbonising UK freight: the UK coastal shipping opportunity

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SAFETY4SEA

NYK carries out world’s first onboard use of digital currency

by The Editorial Team
March 13, 2020
in Smart
dcsa

Credit: Shutterstock

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The world’s first onboard use of digital currency has taken place through the MarCoPay fintech platform, which is operated by NYK and the Philippine-owned Transnational Diversified Group (TDG).

Using MarCoPay, onboard purchases of daily necessities have been performed digitally on a number of vessels, including those operated by other companies.

NYK and TDG will continue to prepare for a full launch, which will include the transmission of funds overseas to family members, by improving the efficiency of digital settlements and international remittances, promoting cashless operations onboard, and expanding the network in which MarCoPay can be used by shipowners and ship-management companies outside NYK.

Credit: NYK Line

In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” NYK will continue its digitalization efforts to support the lives of seafarers and their families around the world

NYK stated.

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