SINGAPORE - Media OutReach Newswire - 25 March 2025 - SUNRATE, the global payment and treasury management platform, today announced the launch of its maritime payments solution, aimed at empowering shipping companies and their key stakeholders at Sea Asia 2025. The SUNRATE maritime payments solution leverages the company's cutting-edge proprietary platform, extensive global network, and robust APIs to enable secure and seamless ways to pay, including but not limited to crew payroll, travel expenses, and shipping suppliers.

"Driven by the need for modern financial tools, the shipping industry is rapidly embracing technology," said Coco He, Head of Global Institutions. "Our maritime payments solution enables shipping companies to efficiently digitise their payments, including payroll and vendor disbursements, leading to significant cost reductions. Through the SUNRATE platform, seafarers also gain access to simple and convenient modern tools for sending, receiving, and spending money, both onboard and ashore."

Salaries are directly deposited into seafarers' SUNRATE commercial cards, accessible via the SUNRATE platform. This allows instant global access to funds, overseas transfers, card-to-card transactions, and online shopping, anywhere.

SUNRATE offers a comprehensive solution designed to address the complex payment challenges faced by maritime companies. By integrating 'International Payments' and 'Global Collection' capabilities, SUNRATE empowers shipping companies to make payments in over 130 currencies to 190+ countries and regions and collect payments globally in more than 30 currencies.

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The issuer is solely responsible for the content of this announcement.