Bulk carrier operator Helikon Shipping has introduced a new digital payments system to reduce cash handling on board its ships, following the agreement of a new deal with Global Navigation Solutions (GNS) to implement its Voyager MONEY system.
Voyager MONEY is delivered in partnership with international payments system provider Caxton FX, providing new options for international transactions that can be used when distributing multiple currencies to the master and crew, or paying local suppliers on a ‘just in time’ basis.
The system includes the provision of payment cards, which can be used to withdraw cash from ATMs, over-the-counter at banks and to purchase items from Mastercard merchant locations worldwide.
“Using Voyager MONEY means that Helikon can optimise cash flow and increase our financial controls while reducing the costs of getting cash to our masters and crews,” said Lauren Emery, Finance Director, Helikon Shipping.
Shipmanagers can use the digital system to transfer funds electronically on demand in any of 15 currencies, funds which are immediately accessible to the ship’s master for loading to Voyager payment cards.
“We are very pleased that our strategy of partnering with robust, professional organisations to provide financial and operational benefits has brought GNS, Helikon and Caxton FX together,” said Paul Stanley, CEO, GNS.
“Helikon now has two strong data and payment partners to support their international payment needs from a proven, intuitive platform that reduces risk and saves them money.”