New tool could mean cashless ships

Malcolm Latarche

Malcolm Latarche · 10 October 2018


A tie up between Maritime Payment Solutions and Rotterdam-based Nautilus Port Services (NPS) proposes to end the need for cash on board ships.

According to a press release, Maritime Payment Solutions’ ShipMoney platform will significantly reduce the need for vessels to have cash onboard and will remove the time-consuming administration for both the shipowner and the master. Furthermore, with the introduction of complementary services, ship’s crew will have access to a myriad of service offerings that will see them make considerable financial savings without having to leave their cabins.

Stuart Ostrow, ShipMoney President noted that he was very excited about the new strategic partnership with NPS expanding ShipMoney’s footprint in the European maritime market. “NPS has a growing reputation across Europe for its unique customer centric agency services and we feel this partnership will complement each other’s enterprises,” he said.

Ron Meuldijk, Managing Director of NPS-Europe, said: “Our collaboration with ShipMoney had been driven by our clients’ desire to manage ‘cash free vessels’ while giving onboard crew members valuable exposure to e-commerce. Moreover, it will also play an important role in reducing HSSE concerns pertaining to handling cash in ports for which many ship owners worldwide are paying excessive fees.”

ShipMoney is a comprehensive maritime payments system that facilitates onboard payroll payments, employer and employee generated international remittances, money transfers and onboard expense payments through a singular integrated payments platform.

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