CAB Payments zagotavlja evropsko licenco in urad v Amsterdamu

CAB Payments zagotavlja evropsko licenco in urad v Amsterdamu

Časovni žig: 4. april 2024 3
CAB Payments Secures European Licence and Amsterdam Office PlatoBlockchain Data Intelligence. Vertical Search. Ai.

V gibanju
to expand its global reach, CAB Payments Holdings has announced the
establishment of a new office in Amsterdam, the Dutch capital.

Javno uvrščeni
company in the cross-border payments and foreign exchange market has secured a
payment service provider license from the local central bank, enabling it to
offer services across the European Economic Area (EEA) from its new base in the
Nizozemska.

Novo
opened subsidiary is run by CAB Europe BV, trading as CAB Payments Europe. Kostas
Konstantis, a financial services professional with over 20 years of experience,
will lead the entity’s commercial activities as the General Manager.

podjetje
has set up a Supervisory Board chaired by Tamara Monzon, an interim
Executive Board Member at Context Logics Collections and Vice Chair of the
Supervisory Board at Uber Payments. Steven Marshall, Chief Partnerships Officer
at Crown Agents Bank, will serve as the shareholder representative on the
krovu.

“FX
and payments to and from hard-to-reach markets are often expensive, slow, and
opaque,” said Konstantis. “CAB Payments Europe aims to solve this
problem across the EEA.”

O
expansion into the EEA market is driven by client demand and is a crucial
element of the company’s global ambitions. CAB Payments Europe will vzvoda
the parent company’s established global Plačila network, scalable technology
platform, and longstanding relationships to ensure efficient, secure, and
transparent cross-border transactions.

»Naše
network, tech, and expertise means we can move money quickly, cost effectively,
and transparently in complex situations, to complicated markets, for leading
global organizations that uphold the highest standards,” Konstantis added.

Po
to the CEO, Bhairav Trivedi, Europe has long been seen as an important market for CAB. “We look forward to engaging with potential clients and moving money where it’s
needed,” he concluded.

Expansion Strategy Pays
Off with 25% Income Rise

In
Februar the company disclosed its earnings for 2023. CAB Payments reported an improvement of 25% in gross revenue year-over-year (YoY), totaling £137.1 million, up
from £109.4 million the previous year. This revenue boost stemmed from gains
across all client divisions, notably with Wholesale FX and Payment FX revenues
experiencing an uplift of 28% YoY.

Poleg tega
adjusted EBITDA experienced a notable rise of 17%, amounting to £64.6 million,
though there was a slight reduction in the adjusted EBITDA margin to 47%, down
s 50 % leta 2022.

Over the years, many financial firms have relocated to Amsterdam. Among them is MUFG Securities, which made such a move in 2019. Numerous entities sought a new base after the UK announced Brexit. Nium, a real-time payments lender, talked about opening an office in Amsterdam. Similarly, in February this year, the cryptocurrency exchange Bybit made such a move.

V gibanju
to expand its global reach, CAB Payments Holdings has announced the
establishment of a new office in Amsterdam, the Dutch capital.

Javno uvrščeni
company in the cross-border payments and foreign exchange market has secured a
payment service provider license from the local central bank, enabling it to
offer services across the European Economic Area (EEA) from its new base in the
Nizozemska.

Novo
opened subsidiary is run by CAB Europe BV, trading as CAB Payments Europe. Kostas
Konstantis, a financial services professional with over 20 years of experience,
will lead the entity’s commercial activities as the General Manager.

podjetje
has set up a Supervisory Board chaired by Tamara Monzon, an interim
Executive Board Member at Context Logics Collections and Vice Chair of the
Supervisory Board at Uber Payments. Steven Marshall, Chief Partnerships Officer
at Crown Agents Bank, will serve as the shareholder representative on the
krovu.

“FX
and payments to and from hard-to-reach markets are often expensive, slow, and
opaque,” said Konstantis. “CAB Payments Europe aims to solve this
problem across the EEA.”

O
expansion into the EEA market is driven by client demand and is a crucial
element of the company’s global ambitions. CAB Payments Europe will vzvoda
the parent company’s established global Plačila network, scalable technology
platform, and longstanding relationships to ensure efficient, secure, and
transparent cross-border transactions.

»Naše
network, tech, and expertise means we can move money quickly, cost effectively,
and transparently in complex situations, to complicated markets, for leading
global organizations that uphold the highest standards,” Konstantis added.

Po
to the CEO, Bhairav Trivedi, Europe has long been seen as an important market for CAB. “We look forward to engaging with potential clients and moving money where it’s
needed,” he concluded.

Expansion Strategy Pays
Off with 25% Income Rise

In
Februar the company disclosed its earnings for 2023. CAB Payments reported an improvement of 25% in gross revenue year-over-year (YoY), totaling £137.1 million, up
from £109.4 million the previous year. This revenue boost stemmed from gains
across all client divisions, notably with Wholesale FX and Payment FX revenues
experiencing an uplift of 28% YoY.

Poleg tega
adjusted EBITDA experienced a notable rise of 17%, amounting to £64.6 million,
though there was a slight reduction in the adjusted EBITDA margin to 47%, down
s 50 % leta 2022.

Over the years, many financial firms have relocated to Amsterdam. Among them is MUFG Securities, which made such a move in 2019. Numerous entities sought a new base after the UK announced Brexit. Nium, a real-time payments lender, talked about opening an office in Amsterdam. Similarly, in February this year, the cryptocurrency exchange Bybit made such a move.

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