The transaction was carried out through the MarCoPay fintech platform, which is operated by NYK and the Philippine-owned Transnational Diversified Group (TDG).
The duo launched a joint venture back in June 2019 aiming to establish a highly secure platform that would contribute to enhancing the lives of seafarers and their families.
MarCoPay is an electronic money platform designed mainly for seafarers hired outside Japan to make digital settlements with QR codes, international remittances and withdraw cash on a smartphone app.