CAB Payments expands in Europe with new Dutch license

By Gloria Methri

CAB Payments Holdings has expanded into the European Economic Area (EEA) with the establishment of CAB Europe BV. The company secured a payment service provider licence from DNB to provide services in the Netherlands and across the EEA.

From its base in the Netherlands, CAB Payments Europe will provide access to a global pool of G10 and hard-to-reach market currencies, wholesale FX and cross-border payments, and last-mile delivery services.

CAB Payments Europe benefits from its parent company’s access to a global payments network, scalable technology platform, and longstanding relationships to ensure organisations that move money to and from hard-to-reach markets quickly, efficiently, and securely.

CAB Payments Europe will rapidly and consistently connect its clients to underserved geographies so money can move where it’s needed most. It offers a single API for all FX and cross-border payments in 100+ currencies across 700+ currency pairs.

“FX and payments to and from hard-to-reach markets are often expensive, slow, and opaque. Cross-border transactions can be subject to significant fees and FX margins. For EEA organisations, especially governments and NGOs looking to disburse aid during humanitarian crises transparently, these challenges exacerbate global inequality, stunt international trade, and limit growth,” said Kostas Konstantis, General Manager at CAB Payments Europe. “The new branch aims to solve this problem across the EEA. Our network, tech, and expertise mean we can move money quickly, cost-effectively, and transparently in complex situations, to complicated markets, for leading global organisations that uphold the highest standards.”

Bhairav Trivedi, CAB Payments CEO said, “I am delighted that CAB Payments Europe has received this approval with such a respected regulator within the EEA; this is testament to the quality of our compliance and service culture.  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 and moving money where it’s needed.”