Crown Agents Bank opens US office to expand FX, cross-border reach

By Gloria Methri

Crown Agents Bank Limited (CAB), a subsidiary of CAB Payments, has received formal approval from the Board of Governors of the Federal Reserve System and the New York State Department of Financial Services to establish a representative office in New York City.

The new office will serve as a regional hub, strengthening CAB’s presence in North America and enhancing service delivery for clients across the Americas. With this development, CAB Payments advances its strategy to build a globally connected FX and cross-border payments platform, complementing its existing operations in the UK and Europe.

The establishment of a licensed US office is expected to strengthen relationships with US Dollar clearing partners and streamline payment and foreign exchange (FX) flows for clients across Central and South America—markets that are often underserved by traditional banking infrastructure.

Commenting on the milestone, 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, enabling us to serve existing and new clients more effectively. With an on-the-ground presence in the UK, Europe, and now the US, we are creating a business with a 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.”

The move underscores CAB Payments’ commitment to facilitating transparent, efficient, and secure cross-border financial flows in emerging and frontier markets—regions that are critical to global trade but often constrained by limited financial infrastructure.