MITSUBISHI Motors Philippines Corp. (MMPC), a Philippine manufacturing and sales subsidiary of Mitsubishi Motors Corp. (MMC), and MarCoPay Inc., a Nippon Yusen Kabushiki Kaisha (NYK) group company that operates the MarCoPay financial platform for seafarers, have signed a business alliance agreement.

The two companies will launch an initiative to promote new vehicle sales to Filipino seafarers on MarCoPay's mobile app. In this business alliance, MMPC and MarCoPay will match their services to strongly encourage loan approvals and vehicle purchases for Filipino seafarers to improve their living standard.