Launch of a new banking payment platform for seafarers

A new contactless payment platform for the maritime industry has been launched by Secure Seas.

Secure Seas says its electronic payment platform is designed to provide financial security to seafarers by transferring their pay electronically, removing the outdated and problematic system of distributing money in US dollars. This provides seafarers with basic amenities that the rest of us take for granted: full access to their funds in the currency of their choice, the use of a non-jurisdictional international bank account and card. debit to withdraw money or transfer funds at home, and the ability to transfer payments via PC or smartphone.

“Although the Secure Seas platform was designed with the well-being and human rights of seafarers at its heart, it also offers significant benefits to employers,” said Director Warwick Norman. “The streamlined and streamlined payroll process means there is no need for excessive levels of onboard cash or foreign currency accounts, and thus also reduces the risk of hacking and corruption. The possibility of contactless payment is also particularly relevant with the current pandemic: the sad fact remains that seafarers are not allowed to leave ships in most ports. “

The sailors themselves have proven the popularity of the system by being the most enthusiastic first-time users, registering directly through the Secure Seas website.

Secure Seas is also encouraging ship owners and crew managers to investigate this payment platform, which in addition to the humanitarian benefits it provides to seafarers, is a cost-effective payroll process that integrates easily. to existing systems, improving transparency and financial management of vessel operations.

“Ship management companies have substantial advantages in having offshore banking services in a secure and regulated jurisdiction,” said James McCully, CEO of Secure Seas. “The significant reduction in payment delivery fees alone is a compelling business case for using the Secure Seas payment platform. However, in the end, it is the human element that drives our business. A significant portion of our profits will be reinvested in sailor centers to help them provide the support they so badly need. “

Secure-Seas has appointed Evrostia Financial Services, based in Cyprus, for representation in Greece and Cyprus. The president of Evrostia, Andreas Grammatikos, has significant experience in the development and administration of insurance, banking and bancassurance products and services.

About Yvonne Lozier

Check Also

Analysis of the recent OIG advisory opinion on the employment of excluded people | Arnall Golden Gregory LLP

The Department of Health and Human Services, Office of the Inspector General (OIG) recently issued …

Leave a Reply

Your email address will not be published.