NYK claims digital currency first

Malcolm Latarche

Malcolm Latarche · 16 March 2020


Japan-based ship operator NYK has claimed the world’s first onboard use of digital currency has occurred through the MarCoPay fintech platform, which is jointly operated by NYK and the Philippine-owned Transnational Diversified Group (TDG).

Using MarCoPay, onboard purchases of daily necessities have been successfully performed digitally and hassle-free on a number of vessels, including those operated by other companies, and even in an unstable onboard communication environment.

Digital payment

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 on board, and expanding the network in which MarCoPay can be used by shipowners and ship-management companies outside NYK.

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

The Journal

Published every February the journal is now recognised as the highest quality publication that covers all aspects of maritime technology and regulation and a must read for the industry.

More Details