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ShipMoney links up with SIM card firm iVitta

Stuart Ostrow, ShipMoney Stuart Ostrow, ShipMoney

Digital payments company ShipMoney has signed an agreement with maritime SIM card provider iVitta that will allow seafarers using iVitta’s SIM services to have direct access to ShipMoney’s payment systems.

{mprestriction ids="1,2"}ShipMoney allows seafarers to deposit and manage more than 100 currencies within a single account, and to send payments worldwide using its online platform. Employers can use the system to process bulk payments to crew, and to automate payments by integrating their finance and accounting systems with ShipMoney’s corporate payment system.

“It is all about putting the needs of the crew before everything else and, through the arrangement we have agreed with iVitta, the seafarers will be offered a variety of new value-added services,” said Stuart Ostrow, president of Maritime Payment Solutions – ShipMoney

“With our API library, you can convert and send funds instantaneously, book trades in advance or distribute payments worldwide.”

Simon Black, CEO of iVitta, added: “The agreement with ShipMoney will help us secure more traction in the shipping industry. E-money and telecoms are closely linked and non-competitive. Essentially we are dealing with the same end customers so we hope to gain leverage from each other. It’s a win-win for both ShipMoney and iVitta.”{/mprestriction}

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