At Present, a DIABOS Pay Pilot has been released to a small set of customers in a controlled fashion, pending its full release on completion.
DIABOS PayTM is a comprehensive solution that manages cash to master using an online platform and Mastercard® cards. You can now remit instant funds globally to ships and crew covering payments towards purchases and crew salary advances.
The platform has built-in workflows to improve existing operational processes by enabling real-time requests and approvals along with FX savings. The system also has a robust security perimeter that includes strong multi-layer controls, stringent compliance checks, and fraud monitoring to ensure the highest level of Risk Management.
DIABOS Pay brings efficiency, increased transparency and liquidity optimization to the current cash to master scenario, all to be gained at reduced costs.
Current CTM Process versus DIABOS PayTM
Typically only available in USD or EUR
Transfers atleast a week prior to master requiring funds
Transaction subject to bank limits
Companies incur a cost of 5-10% in delivering CTM
Balance of cash stored by Master on Vessel
Crew possible exposure to theft
War on cash
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The DIABOS Pay™ Card is issued by IDT Financial Services Limited pursuant to a license from Mastercard® International. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International. IDT Financial Services Limited is a regulated bank, licensed by the Financial Services Commission, Gibraltar. Registered Office: 57-63 Line Wall Road, Gibraltar. Registered No. 95716. All communications should be sent to DIABOS Pay UK Limited, 1 St Mark Street, London E1 8DJ, UK.