Nippon Yusen Kabushiki Kaisha (NYK Line) is acquiring Kadmos, a salary payment platform for seafaring workers, to expand its fintech services. Founded in 2021, Kadmos provides transparent international salary payment options aimed at shipowners and management companies. NYK, which launched MarCoPay to support Filipino seafaring workers, aims to integrate Kadmos' platform to enhance payroll solutions and expand operations beyond the Philippines. The collaboration will leverage NYK's global brand reputation while also looking to broaden Kadmos' services into cross-border payments and the cruise industry.
Our plan is to leverage Kadmos' global reach and coverage while using advantages that MarCoPay has in the Philippines.
Nippon Yusen Kabushiki Kaisha acquiring Kadmos aims to expand fintech services for seafaring workers through payroll solutions and additional offerings.
Kadmos also plans to expand its capabilities beyond payroll to offer cross-border B2B payments and corporate cards.
We are planning to use the NYK brand and reputation to grow faster in shipping and sign customers quicker.
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