ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Philippines startup MarCoPay gives sailors financial freedom at sea

App has grown from wage payment into wider financial services including lending

Fintech startup MarCoPay operates a platform that provides a range of financial services for Philippine sailors through a smartphone app. (Screenshot from NYK group Youtube site)

MANILA -- Financial services app MarCoPay is winning over Filipino sailors as a convenient means to receive salaries and a widening array of financial services on the sea, and attracting international attention as a result.

Traditionally, sailors have been paid in cash. This is cumbersome because seafarers can be confined to the same vessel for several months to as long as a year except for usually brief shore leaves.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more