INDUSTRIES APPLICABLE : MARITIME
For an average fleet of 50 vessels and 20 crew on board each ship, the costs of transporting cash can be in excess of US$ 600,000 per annum. How can you reduce that cost with digital solutions ? Adding to this cost is the effort of team managing these tasks ashore, non transparent documentation, waiting for status of fleetwide expenses until month end reports are received from vessels. All these can be improved with latest Fintech innovations.
- Live status of wage remittance to crew, access information on app and web logins. Transfer money to dear ones whenever required direct from banking app.
- Debit cards helping to withdraw cash from worldwide ATM's, purchase online or spend at shops in port. Safer than carrying cash.
- Efficient fund transfer to crew and vessels, reduce effort and cost involved, improve transparency and real time reports. Keeps crew happy, with tech innovation for brand.
Benefits of Product :
- Ship Staff can access their account balance anytime on mobile app and send remittances to their bank accounts
- Reduce cash on ships, provide Masters with company debit card for controlled spending and local purchases
- Reduce risk, better savings for your company and the ship staff
- Transfer funds to your Crewing Offices safely via Digital Wallets for any local or international payments
- Save on transfer charges, avoid local tax and audit issues with compliance, contact us to know more about benefits
- Control FX conversion costs
- Track all transactions from start to end
- Live dashboards and reports for daily spend analysis
- Comply with MLC and other payroll conventions and international banking regulations
Reach us, innovate together in Maritime