Nium maritime payment solution enables shipping companies to provide real-time payroll disbursements, vendor payments, eWallet services, and remittances. Credit: Josiah Weiss on Unsplash.

Singapore-based payments platform Nium has launched a maritime payments solution to help digitise the payments experience for shipping companies.

Leveraging the company’s global licence network and integrated technology stack, Nium maritime payment solution facilitates real-time payroll disbursements, vendor payments, eWallet services, and remittances.

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Nium South East Asia and Hong Kong head of sales Gitesh Athavale said: “Our maritime payments solution provides an efficient and cost-saving way for shipping company management to digitalise payments, including disbursing payroll and making vendor payments.”

With Nium’s maritime payment solution, shipping companies can disburse salary pay outs directly to seafarers’ Virtual Visa card accounts that can be accessible through the Nium Pay app.

The crew members can immediately access their wages through the app from anywhere in the world and carry out payments and transactions.

Nium said its new solution has been already adopted by integrated maritime services provider Bernhard Schulte Shipmanagement (BSM) for its Spend Management Process.

The solution includes BSM-branded multi-currency Visa debit cards and eWallet services for the company’s seafarers and a supplementary Visa card for their families.

BSM Finance manager Dennis Moehlmann said: “It is important to us that our crew and their families are well taken care of, especially during these uncertain times when our crews are not allowed to go ashore and cannot physically remit funds back home.

“Now with this new digital payment solution from Nium, no matter which part of the world our crews are at in that moment, funds can be transferred in an instant and their families will receive the transferred money immediately on their supplementary card or their home account.”

Last month, Foreign exchange brand Travelex partnered with Nium to boost digital remittance services.