Japanese shipping major Nippon Yusen Kaisha (NYK) is buying Kadmos, a global end-to-end maritime salary payments platform founded four years ago in Germany. No price has been disclosed.

In 2019, NYK established MarCoPay in Manila as a financial services platform. MarCoPay has since evolved to offer loans and insurance designed to support the well-being of Filipino seafarers and their families. It services shipowners and shipmanagement companies employing Filipino seafarers, and has solidified its market position as the only digital salary payments provider for Filipino seafarers with an electronic money issuer license from Bangko Sentral ng Pilipinas, the central bank of the Philippines.

The acquisition of Kadmos enables NYK to integrate a platform that supports seafarers of all nationalities into its digital payments business portfolio.  NYK aims to further enhance collaboration between the two entities by unifying their platforms.