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Monday, November 18, 2019 

Maritime payment solutions provider ShipMoney has announced a new initiative, known as ShipMoney Cares, in partnership with ISWAN (the International Seafarersí Welfare and Assistance Network).

The initiative will be available to seafarers and their families who can demonstrate that they or their family are experiencing some form of hardship that impacts their livelihood or income. ShipMoney Cares will be managed by ISWAN and is designed to provide one-time financial grants to seafarers in need, which could include medical or educational support. ShipMoney along with its strategic remittance partners will make an annual donation to the programme.  There is a maximum grant of US$500 and seafarers can apply once a year.

Stuart Ostrow (pictured), President of ShipMoney, said: “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, 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 US$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."

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