The world’s first onboard use of digital currency has occurred through the MarCoPay fintech platform, which is 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.
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 digitalization efforts to support the lives of seafarers and their families around the world.
* Transnational Diversified Group (TDG) is a globally competitive and highly progressive Philippine-owned business group that comprises over 40 companies, primarily in logistics, ship management and manpower, travel and tourism, information and communications technology, and other investments in industries such as renewable energy, agriculture, and real estate. Since its establishment in 1976, the group has been actively working with NYK and has since become a respected strategic partner of large global corporations due to its world-class experience and win-win outlook.