The MarTrust e-wallet and card is a complete payments solution that saves time and money for ship operators’ manning and accounting teams, and brings significant, tangible benefits for their crews.
Richard talks about Seatrade’s experience with MarTrust and how the e-wallet has helped reduce cash-to-master transactions, boost cash flow, and streamline the payroll process.
Also, how it helps their seafarers and how they’re completely in control of their funds.
“Remitting wages is not the core business for a shipping company, so the MarTrust e-wallet solution enables us to bring back business where it belongs. The workload is reduced for us.”
MarTrust is a payment solution and service built especially for the maritime industry.
MarTech meets Maritime.
It transforms the crew payroll process and reduces the Cash-to-Master (CTM) requirement by as much as 80%.
Created for companies, captains and crew.
The e-wallet and pre-payment card is also great for seafarers – increasing control and reducing costs.
For ship operators, we offer three types of payments services, and you take whichever you need:
1. Paying crew
2. Cash to master
3. Paying suppliers
We’re backed by Marcura, a 20-year organisation focused on the global maritime industry.
Shipping companies
Transactions monthly
Countries, crew payment
MarTrust e-wallet is designed with your seafarers in mind
With no annual fees, reduced FX rates and lower transaction fees, your seafarers may send money to family, friends, and shipmates quickly when they’re offshore or onshore using the MarTrust e-wallet.
It is faster and cheaper than exchange houses and banks.
“I liked it very much, it’s a good digital solution I would say- convenient and fast . I can see my salary and overview of my account. When I travel, I like to pay with a MarTrust card.”
Our e-wallet helps you optimise your payroll process, which allows you to pay your crew’s salaries faster.
Companies can now pay salaries, cash advances and bonuses directly to the crew’s e-wallet, enabling your crew to access their funds quickly.
A happy crew is happy sailing!
Increase the safety for your crew and their money when onboard. With an e-wallet, there is no need to carry large amounts of cash to exchange houses, no fear of theft and no risk of infection from unsanitary currency handling.
Give them the power to spend and pay in any way they want: POS, e-shopping, ATMs in over 200 countries and at 25 million locations.
With our e-wallet app and card, your crew can:
Seafarers get full control of personal funds.
The e-wallet allows crew to hold up to 7 different currencies, and when they send money from the e-wallet, crew can send payments in over 130 currencies.
Our guide on how the MarTrust e-wallet enables shipping companies to reduce cash-to-master transactions and improve the payroll process.
Read:
“For the company, it’s cash flow control and time-saving, and for the seafarers; they are completely in control of their funds, and that is a huge benefit for them.”
Richard talks about Seatrade’s experience with MarTrust and how the e-wallet has helped reduce cash-to-master transactions, boost cash flow, and streamline the payroll process.
Also, how it helps their seafarers and how they’re completely in control of their funds.
Now almost 1.9 million seafarers work in the maritime industry, according to recent data from UCTAD, with 45% of them being officers and 55% being ratings.
The top 5 countries with the most seafarers are the Philippines, Russia, China, India, Indonesia, and Ukraine – which between them account for 48.5% of the world’s mariners
InterManager marked its 30-year anniversary in October. Congratulations to everyone at InterManager, including Secretary-General Capt. Kuba Szymanski, for hitting this milestone!
MarTrust is delighted to support InterManager. We are an Associate Member and we were pleased to take an advert in the magazine.
Next-generation payment solution can transform the shipping industry’s current outdated system for paying crew salaries, suppliers and reduces the amount of cash on board
We developed the service to benefit seafarers by empowering them to track and utilise their hard-earned income at any time and anywhere, align their income with their expenses, and improve their financial well-being and welfare.