International Maritime Payment Solutions Provider Launches New Initiative – ShipMoney Cares
International maritime payment solutions provider ShipMoney announced the launch of ShipMoney Cares.
The initiative was launched on the 18th of November at the Crew Connect Conference in Manila. It will be available to seafarers and their families who can explain if they or their families are going through some kind of problem that has an effect on their lives or income.
ISWAN will manage ShipMoney Cares. It is made so to help seafarers with one-time financial grants for medical or educational support.
A big yearly donation will be made to the program by ShipMoney along with its remittance partners. The maximum grant is $500 and can be applied for by the seafarers once a year.
Stuart Ostrow, President of ShipMoney, stated, “We are very excited about this initiative. As a company, it’s very important that we give back to the community that supports us. It’s ingrained in our ethos and as one of our core values states ‘It’s always about the crew.’ They work for our clients and we work for them. Together with ISWAN, we will be able to make a real difference in the lives of seafarers who need a helping hand. Once we get this rolling, we will be engaging with our clients, vendors, strategic partners and seafarers to participate alongside us.”
Caitlin Vaughan, Project Manager at ISWAN, said, “This initiative will provide a welcome safety net for seafarers in the Philippines. It differs from our other welfare funds because it is for basic individual grants of $50 – $500. Seafarers, or their family members, in need of an urgent small grant, will receive a ShipMoney prepaid card allowing autonomy as to how the money is used to best alleviate their hardship.”