CAB Payments Strengthens Global Presence with New York Office Launch

CAB Payments Holdings plc (LSE:CABP) has revealed plans for geographic expansion through its subsidiary, Crown Agents Bank Limited, which has secured approval to establish a representative office in New York City. This move aims to create a strategic foothold in the Americas, improving service for current clients and fostering new business opportunities across the region.

The New York office will play a pivotal role in enhancing partnerships with US Dollar clearing banks and supporting foreign exchange and payment flows originating from South and Central America. This expansion aligns with CAB Payments’ broader ambition to grow its footprint in the global FX and cross-border payments market.

Strong Financials Support Growth Prospects

CAB Payments Holdings boasts a robust financial position characterized by solid revenue growth and a debt-free balance sheet. While the company’s shares appear undervalued and offer upside potential, some short-term technical indicators signal caution. Nevertheless, recent positive corporate developments strengthen the long-term outlook and investor confidence in the firm’s strategic initiatives.

About CAB Payments Holdings

CAB Payments Holdings plc owns Crown Agents Bank, a UK-regulated institution specializing in FX and cross-border payment solutions tailored for complex markets. With an extensive global network, the bank facilitates transactions in over 100 currencies and 700 currency pairs, serving a diverse client base including financial institutions and corporates. Known for its digital-first approach and bespoke services, Crown Agents Bank is also recognized for its commitment to sustainability, holding B Corporation™ certification and high environmental standards.

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