MarCoPay Releases Dual Currency eWallet Mobile Platform Faster with OutSystems
MarCoPay is a dual currency eWallet platform for seafarers and their families. Its unique backend uses a cloud-based ledger connected to a satellite network to reach all users around the globe. Having spent a year developing the backend, the company needed a faster approach to build frontend experiences and get the product to market. Working with OutSystems partner TESI, MarCoPay developed its dual-currency eWallet mobile app in a fraction of the time compared to traditional development.
How to Provide Better Financial Services Support for Seafarers?
The Philippines is the world’s largest supplier of seafarers to international shipping companies. With long periods away from home and frequent port visits in different countries, seafarers are poorly served by traditional banks.
MarCoPay—which stands for Maritime Community Pay—has a mission to support a better quality of life for seafarers, their families, and friends. Founded in Manila in 2019, the company is licensed as an Electronic Money Issuer by the central bank of the Philippines.
Seafarers have typically carried cash to a bank or remittance center when making a port visit to send money home. This exposes them to risk and makes ships a lucrative target for pirates, as they know they can find cash onboard.
MarCoPay wanted to launch a new and unique product—a dual currency eWallet mobile app specifically designed to serve seafarers, their families, and friends to address these issues.
Why MarCoPay chose OutSystems:
Speed-up development and improve agility
Enterprise-grade scalability and security
Deliver public-facing web and mobile apps
Frontend Development Calls for Faster Agile Development
MarCoPay spent a year developing a sophisticated and unique backend that uses a cloud-based ledger connected to a satellite network. This ensures that MarCoPay reliably records seafarers’ transactions, even though internet access at sea is often intermittent.
The company is continually innovating and new features, including discount vouchers, are on the way.
By minimizing the need to carry cash and instead enabling seafarers to use eMoney to pay salaries and send money home, MarCoPay is making personal finance simpler and safer for the maritime community and their families.