Singapore – March 25, 2025 – SUNRATE, a leading global payment and treasury management platform, today announced the official launch of its innovative maritime payments solution at Sea Asia 2025. The new solution is designed to empower shipping companies and their stakeholders by providing secure, seamless, and efficient payment tools for critical operations such as crew payroll, travel expenses, and shipping suppliers.
With the shipping industry increasingly adopting modern financial tools, SUNRATE’s maritime payments solution leverages the company’s cutting-edge proprietary platform, extensive global network, and robust APIs to streamline payments and simplify complex financial processes.
“Driven by the need for modern financial tools, the shipping industry is rapidly embracing technology,” said Coco He, Head of Global Institutions at SUNRATE. “Our maritime payments solution empowers shipping companies to digitize their payments, including payroll and vendor disbursements, which leads to significant cost savings. Seafarers also gain access to simple, convenient tools for sending, receiving, and spending money, whether they are onboard or ashore.”
A key feature of the SUNRATE maritime payments solution is the direct deposit of seafarers’ salaries into SUNRATE commercial cards, accessible via the SUNRATE platform. This allows instant, global access to funds, overseas transfers, card-to-card transactions, and the ability to make online purchases from anywhere in the world.
By integrating International Payments and Global Collection capabilities, SUNRATE enables shipping companies to make payments in over 130 currencies and collect payments in more than 30 currencies across 190+ countries and regions. This comprehensive solution addresses the unique challenges faced by maritime companies and helps simplify their financial workflows.
About SUNRATE
SUNRATE is a global payment and treasury management platform that has been empowering businesses worldwide since its founding in 2016. With a mission to help companies scale both locally and globally, SUNRATE offers a cutting-edge platform supported by an extensive global network and robust APIs. The company serves clients in 190+ countries and regions and partners with top global financial institutions, including Citibank, Standard Chartered, Barclays, and J.P. Morgan. SUNRATE is also a principal member of both Mastercard and Visa.
For more information, please visit www.sunrate.com.
