Berlin
,
November 12, 2024
Life at sea is full of challenges. While you are involved daily in the task of keeping your vessel operating, you may be faced with obstacles in your personal life as well. Managing your finances can be particularly challenging when you’re far from home. A combination of an e-wallet and a debit card may be the answer.
With an e-wallet, you have the flexibility to choose when to convert and send money to a bank account in your local currency based on favorable foreign exchange rates, ensuring that your partner can always pay for the groceries.
Moreover, payments made through modern digital platforms often arrive quicker than those sent via traditional methods like SWIFT, which can be slow and expensive. By avoiding these delays, you can ensure that your family receives funds promptly.
While you need to provide for your family, you also need to have money to spend while at sea. One of the first steps in taking control of your finances at sea is shifting from cash to card. Carrying cash limits your ability to make purchases as cash acceptance decreases in many countries. Using a card allows you to make secure payments in various currencies without the hassle of finding exchange bureaus, which can be time-consuming and costly. If you still need cash, you can still withdraw money from an ATM.
Safety is another critical reason to prefer card over cash. Carrying large amounts of cash can make you a target for theft. A card, especially one linked to a secure account, minimizes this risk, giving you peace of mind as you manage your daily expenses on board and onshore.
That’s why Kadmos offers an e-wallet and debit card tailored to the unique needs of seafarers. With Kadmos, you can take control of your finances, ensuring safety, convenience, and efficiency, no matter where you are in the world.
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