Kadmos launches KadPay, Wallet-to-Wallet instant payments for Kadmos users
May 3, 2023
Kadmos introduces KadPay for its end-users
The wallet-to-wallet feature allows instant and free payments between Kadmos users
With KadPay, users can transfer money seamlessly, effortlessly, and securely with just a few taps
Kadmos, the end-to-end salary payments platform for cross-border employees,is excited to announce the launch of its new feature, KadPay, allowing instant and free payments between Kadmos users.
KadPay is a wallet-to-wallet payment solution that enables Kadmos users to transfer funds to each other instantly, without any transaction fees.
"We are thrilled to introduce KadPay to our users," said Justus Schmueser, co-founder at Kadmos. "This feature is a game-changer for our mobile app and will allow our users to easily and quickly transfer funds to each other, without any fees or hassle."
Being at sea for extended periods of time, seafarers often form bonds with fellow crew members, and sometimes these relationships involve financial transactions. Being away for months, seafarers may need to lend or borrow money from their shipmates for various reasons such as emergencies, purchasing items onboard, or sending money back home to their families. This lending and borrowing practice amongst seafarers is common and serves as a support system while at sea.
With KadPay, users can easily and securely send and receive payments. To use KadPay, users simply need to use the unique QR code or payment link, generated in their Kadmos wallet when initiating a payment. Kadmos will automatically transfer the funds from one user's wallet to another, instantly and free of charge.
"We believe that KadPay will make it easier than ever for our users to transfer funds to each other," Justus added. "We are committed to making Kadmos the most user-friendly and convenient platform on the market, and KadPay is just one more step towards achieving that goal."
KadPay is now available to all Kadmos mobile app users.
Kadmos is a Berlin-based Fintech on a mission to revolutionize the way that seafarers are paid. In an industry dominated by opaque mark-ups, kickbacks, and literal bags of cash, Kadmos wants to reduce administration and accounting costs associated with paying crews. At the same time, it's committed to providing more control over finances through a free e-wallet that enables money transfers with marketing-leading FX rates and a global debit card. Read more about Kadmos, the team, and founding story.