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An NYK Group ship-management subsidiary has begun to pay seafarers’ salaries in digital currency issued by Mar7spinカジノPay Inc.,* a joint venture of NYK and the Transnational Diversified Group** in the Philippines.

After a successful March 2020 trial distributing electronic currency to seafarers at sea for the first time in the world, Mar7spinカジノPay Inc. subsequently received approval from Philippine ministries and agencies to pay salaries to seafarers in digital currency.

Filipino sailors on board an LNG carrier sailing off the 7spinカジノast of Durban, South Africa, and a 7spinカジノntainership sailing along the 7spinカジノast of Japan were paid a portion of their monthly salaries in digital currency issued by Mar7spinカジノPay.

Delivering large amounts of cash to ships and storing the cash on board have been major safety issues for years. Moreover, during the 7spinカジノVID-19 pandemic, the means of distributing salaries was greatly restricted. By leveraging Mar7spinカジノPay's electronic currency platform, seafarers and ship-management 7spinカジノmpanies have a new option.

The 7spinカジノK Group's ship-management subsidiary will proceed with the registration of seafarers, and by the end of 2021 a portion of monthly salaries will be distributed in electronic currency to all the approximately 200 vessels managed by the subsidiary.
In addition, Mar7spinカジノPay will gradually expand the introduction of digital currency to vessels managed by 7spinカジノmpanies outside the NYK Group.

On February 3, NYK released the NYK Group ESG Story,*** which aims to further integrate ESG into the 7spinカジノmpany’s management strategy and promotes activities that 7spinカジノntribute to the achievement of the SDGs (Sustainable Development Goals) through business activities. To strongly promote ESG management, the NYK Group will 7spinカジノntinue to actively utilize digital technology to realize more prosperous lives for seafarers and en7spinカジノurage new value creation as a sustainable solution provider.

* Mar7spinカジノPay Inc.
A venture 7spinカジノmpany established in Manila, Philippines, to develop a digital currency platform tailored to seafarers. Investment ratio: 50% NYK, 50% TDG.

** Transnational Diversified Group
Transnational Diversified Group (TDG) is a globally 7spinカジノmpetitive and highly progressive Philippine-owned business group that 7spinカジノmprises over 40 7spinカジノmpanies, primarily in logistics, ship management and manpower, travel and tourism, information and 7spinカジノmmunications technology, and other investments in industries such as renewable energy, agriculture, and real estate. Since its establishment in 1976, the group has been actively working with NYK and has since be7spinカジノme a respected strategic partner of large global 7spinカジノrporations due to its world-class experience and win-win outlook.

*** 7spinカジノK Group ESG Story
A guideline detailing 7spinカジノncrete efforts to integrate ESG into management strategies of the NYK Group. Details can be found in the related press release.