ShjpMoney is part owned by Globe Wireless, which is a partner of the company for sales, marketing and distribution. The product consists of a prepaid Visa card system developed for the commercial maritime industry to reduce on-board cash, and reduce the costs involved with delivering cash to vessels.
ShipMoney for Crew is a payroll card that provides seafarers with an alternative to receiving some of their wages in cash and having the remainder wired home. Crew can use their ShipMoney Visa cards worldwide at ATMs, to make purchases on line or to pay in shops and restaurants, as well as to send money home to friends or family.
ShipMoney for Captains is a purchasing card that provides an alternative way to pay for provisions, emergency repairs and other ship expenses. Cards can be loaded (and unloaded) 24/7/365 with real-time and customised reporting.
The managing director of the Norwegian ship management company which has just signed up said: “ShipMoney meets our objective of increasing safety. The programme provides significant treasury flexibility regarding onboard cash and reduces the cost of sending funds to the vessels.”
Maritime Payment Solutions is a subsidiary of Global Technology Partners (GTP).