When crew from airlines, liners, tankers, ships and other sea going vessels travel, they can visit dozens of different countries each year. Within the different countries they visit, the crew have to contend with withdrawing their salaries from various ATM's where they have no control over the costs they incur.
Not only were Foraux able to provide a solution to the immediate problem faced in ensuring a controlled environment for paying our staff in many different countries and currencies, they came up with a way to help reduce the costs of staff to gain access to their hard-earned money.
Foraux created a multi-currency e-wallet system together with a multi-currency debit card, which was connected to a payroll system. The e-wallet enabled the crew to undertake transfers from one currency to another via online, where they were provided with a reduced exchange cost and the payroll system enabled multi-currency transfers direct to the account of the crew, in the currency they needed.
|Industry||Airlines & Shipping|
|Areas of Support||
Foreign Exchange Engine
|Requirements||Enable sea going personnel to receive payroll on time and to be able to cost effectively use ATMs throughout the world.|