SEPAGA E.M.I. Introduces New Partnership with Cellock and the Launch of the Game-Changing 7 Seas E-Wallet

Sepaga E.M.I., announces its new partnership with Cellock Ltd and the launch of the 7 Seas E-Wallet, ensuring 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 digitalization of a traditionally analog 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.”

About Sepaga E.M.I.

Sepaga is a fully licensed Electronic Money Institution (EMI) by the Central Bank of Cyprus since 2016, headquartered in Nicosia. We provide international businesses with secure, efficient global payment and receipt solutions, supported by advanced technology and expert teams worldwide. Through strong banking and payment network partnerships, our services help optimize cash flow, reduce working capital cycles, and streamline payment processes – all with 24/7 control and high security.

About Cellock Ltd

Cellock is a pioneering technology company specializing in advanced software and hardware solutions for secure financial transactions, embedded AI systems, and dual-use technologies. With over two decades of experience, Cellock has developed a strong presence in the fintech and defense-tech sectors, offering innovative platforms tailored to mission-critical environments. Cellock brings deep maritime expertise and a proven track record in building scalable, compliant, and user-centric technologies. From digital wallets to embedded situational awareness tools, Cellock’s solutions are designed to operate seamlessly across the most demanding operational landscapes.