REG - CAB Payments Hldgs - Granting of European Licence

Cab Payments HoldingsAnnouncement

04/04/2024 07:00

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RNS Number : 2997J  CAB Payments Holdings PLC  04 April 2024

CAB Payments Holdings PLC

04 April 2024

 

CAB Payments Holdings plc

 

("CAB Payments", or the "Group")

 

Granting of European Licence

 

CAB Payments announces that its Dutch subsidiary has secured a payment service
provider licence with De Nederlandsche Bank N.V. (DNB).  This entity will
be eligible to provide services across the European Economic Area (EEA) under
the passporting regime.  This is one of the operational and strategic
initiatives that underpin the Group's growth aspirations for 2024 and beyond.
 CAB Payments is confident that being able to provide services across the EEA
will bring significant opportunity for the business and for the clients and
the markets it serves.  The Dutch licensed firm will be based in The
Netherlands and will operate under the name of CAB Payments Europe.

Bhairav Trivedi, Chief Executive Officer of CAB Payments, commented:

"I am delighted that CAB Payments Europe has received this approval from such
a respected regulator within the EEA.  The Company is committed to the
highest standards of compliance and client service.  This is a significant
step in the expansion of the business and presents a substantial growth
opportunity.  We have long seen Europe as an important market for the Group.
 We look forward to engaging with potential clients, to move money where it's
needed."

 

 For further information, please contact:

 CAB Payments Holdings plc

 Michael Goldfarb, Head of Investor Relations

 investorrelations@cabpayments.com (mailto:investorrelations@cabpayments.com)

 www.cabpayments.com (http://www.cabpayments.com/)

 FTI
 Consulting

 (Public Relations Adviser to CAB Payments)

 Ed Bridges - Edward.Bridges@fticonsulting.com
 (mailto:Edward.Bridges@fticonsulting.com)
                                      +44
 (0) 7768 216 607

 Katie Bell   - Katherine.Bell@fticonsulting.com
 (mailto:Katherine.Bell@fticonsulting.com)
                       +44 (0) 7976 870 961

 

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