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GNS launches VOYAGER digital payments system

GNS and Caxton FX, a payment card and foreign exchange company, have announced a partnership to help shipping companies manage cash onboard ship through the use of VOYAGER payment cards.

{mprestriction ids="1,2"}The new VOYAGER Money service allows users to electronically transfer funds on demand to their ship’s ‘virtual safe’ in any of 15 currencies. Funds are immediately accessible to the ship’s Master for loading to payment cards that can be used to withdraw cash from ATMs, over-the-counter at banks and to purchase items from locations that accept Mastercard.

VOYAGER Money has fixed annual pricing that includes all of the ATM, replacement card and other fees involved.

“One of the great opportunities in commercial shipping is the delivery of tangible benefits from digital technology,” said Paul Stanley, GNS CEO.

“GNS’s development efforts are focused on the creation of our powerful VOYAGER ecosystem that harnesses Big Data and delivers new digitally-led efficiencies and safety improvements to a wide range of stakeholders ashore and onboard. By working with Caxton to provide a modern cash-to-master solution we are helping shipping companies realise more of the tangible commercial benefits promised by our digital age.”

The service aims to reduce the need to carry large amounts of cash on board, increasing security while also lowering the foreign exchange and other logistical costs involved in sending currency to ships.{/mprestriction}

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