REG - CAB Payments Hldgs - CAB granted licence for US representative office

Cab Payments HoldingsAnnouncement

04/06/2025 07:00

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RNS Number : 3032L  CAB Payments Holdings PLC  04 June 2025

4 June 2025

 

CAB Payments Holdings plc

("CAB Payments" or the "Group")

 

Crown Agents Bank Limited granted a licence to operate a US representative
office in New York City

CAB Payments is pleased to announce that its subsidiary, Crown Agents Bank
Limited ("CAB") has received approvals from The Board of Governors of the
Federal Reserve System and The New York State Department of Financial Services
to operate a representative office in New York.

The New York representative office will act as a regional business hub for
CAB, enabling the Group to continue to serve its existing clients while
driving new client business in the region. A licensed presence in the United
States will also help to build stronger relationships with our US Dollar
clearing partners and to further support FX & payment flows from clients
across South and Central America.

With the opening of the New York office, alongside the offices in the UK and
Europe, CAB Payments is continuing to execute on its strategic plan to operate
a global FX and cross-border payments business.

Neeraj Kapur, Group CEO said:

"I am delighted we have been granted the licence to operate a representative
office in New York. This presence in one of the world's leading financial
centres further enhances our network allowing us to better serve existing and
new clients. With on-the-ground presence in the UK, Europe and now the US, we
are creating a business with global reach.

"We are excited to bring our best-in-class FX and cross-border payment
services to the Americas, helping businesses overcome the complexities of
operating in hard-to-reach markets."

 

About CAB Payments:

CAB Payments Holdings plc is the holding company for Crown Agents Bank.
Regulated in the UK, Crown Agents Bank specialises in FX and cross-border
payments for hard-to-reach markets. Its strength of network and deep expertise
means it can move money into and out of the world's most complex financial
markets. Trusted by a global ecosystem of leading institutions across the
public, private and development sectors, Crown Agents Bank's strength lies in
its network which connects its clients to underserved geographies, giving them
access to 100+ currencies across 700+ currency pairs.

The delivery of fast, transparent and efficient transactions moves money where
it's needed. Crown Agents Bank's network offers multiple transaction
solutions, delivered via a single API, digital trading platforms, or through
bespoke approaches developed by its specialist teams.

Crown Agents Bank is one of the first banks to achieve B Corporation™
status. The bank was awarded the Platinum Sustainability Rating by EcoVadis in
2025, ranked within the top 1% of 100,000 companies assessed across 160
countries and over 200+ industries. Crown Agents Bank was awarded a Gold
EcoVadis rating in 2022, 2023 and 2024.

 

For further information, please contact:

 

CAB Payments Holdings plc

Gaurav Patel, Head of Investor Relations

ir@cabpayments.com

www.cabpayments.com

 

FTI Consulting

(Public Relations Adviser to CAB Payments)

Edward Bridges
 
+44 (0) 7768 216 607

Katie
Bell
+44 (0) 7976 870 961

cabpayments@fticonsulting.com

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