Sepaga E.M.I. and Cellock Ltd have announced the launch of joint venture the 7 Seas E-Wallet, promising faster, easier and more secure seamless mass payments.
The 7 Seas E-Wallet is a mobile banking solution specifically designed for the shipping industry, including shipping companies, seafarers, and suppliers, to address common transactional challenges.
As a licensed Electronic Money Institution (E.M.I.), Sepaga will serve as the partner behind the platform, providing the infrastructure for opening electronic accounts (e-wallets), executing payments (including international money transfers), managing currency exchange and performing KYC/AML procedures through automated checks.
This strategic partnership not only allows Sepaga to expand their services to a new market with significant transaction volume, multi-currency flows, and a diverse international client base but also strengthens Sepaga’s reputation as an innovative and reliable financial services provider. Through the 7 Seas Wallet platform, Sepaga becomes part of the digitalisation of a traditionally analogue sector like maritime, opening up new options for further development for the company.
Facing the problems of delaying payments and bonuses to the seafarers, the complexity of handling cash on board and regulatory requirements of international transactions, the 7 Seas E-Wallet by Cellock, powered by Sepaga’s expertise in e-money solutions and currency conversion, comes as a streamlined solution to all these challenges the seafarers and companies that employ them, face.
Elena Kontou, CEO of Sepaga E.M.I. stated: “At Sepaga, our mission is to deliver smart, secure financial solutions tailored to our clients’ unique needs. The 7 Seas E-Wallet by Cellock is a game-changer for the shipping industry, bringing modern financial infrastructure to a sector that has long been underserved due to its global and mobile nature. We’re proud to support a solution that empowers seafarers, streamlines operations, and overcomes geographic limitations. As the industry evolves, so do we - continuously innovating to make financial solutions simpler, faster, and more accessible for our clients and partners.”
Dr Haris Zacharatos, CEO of Cellock, expressed his enthusiasm about the collaboration: "We are thrilled to join forces with Sepaga, one of the most respected Electronic Money Institutions, to bring our shared vision to life. At Cellock, we’ve always pushed boundaries in fintech innovation, combining cutting-edge technology with deep-rooted expertise in the maritime domain. The launch of the 7 Seas E-Wallet is more than just a product - it’s a milestone in empowering seafarers and streamlining financial operations across the shipping industry. This partnership sets the stage for a new era of financial inclusion and operational excellence at sea."
This strategic partnership not only allows Sepaga to expand their services to a new market with significant transaction volume, multi-currency flows, and a diverse international client base but also strengthens Sepaga’s reputation as an innovative and reliable financial services provider. Through the 7 Seas Wallet platform, Sepaga becomes part of the digitalisation of a traditionally analogue sector like maritime, opening up new options for further development for the company.
Facing the problems of delaying payments and bonuses to the seafarers, the complexity of handling cash on board and regulatory requirements of international transactions, the 7 Seas E-Wallet by Cellock, powered by Sepaga’s expertise in e-money solutions and currency conversion, comes as a streamlined solution to all these challenges the seafarers and companies that employ them, face.
Elena Kontou, CEO of Sepaga E.M.I. stated: “At Sepaga, our mission is to deliver smart, secure financial solutions tailored to our clients’ unique needs. The 7 Seas E-Wallet by Cellock is a game-changer for the shipping industry, bringing modern financial infrastructure to a sector that has long been underserved due to its global and mobile nature. We’re proud to support a solution that empowers seafarers, streamlines operations, and overcomes geographic limitations. As the industry evolves, so do we - continuously innovating to make financial solutions simpler, faster, and more accessible for our clients and partners.”
Dr Haris Zacharatos, CEO of Cellock, expressed his enthusiasm about the collaboration: "We are thrilled to join forces with Sepaga, one of the most respected Electronic Money Institutions, to bring our shared vision to life. At Cellock, we’ve always pushed boundaries in fintech innovation, combining cutting-edge technology with deep-rooted expertise in the maritime domain. The launch of the 7 Seas E-Wallet is more than just a product - it’s a milestone in empowering seafarers and streamlining financial operations across the shipping industry. This partnership sets the stage for a new era of financial inclusion and operational excellence at sea."