Cambridge Global Payments selects Crown Agents Bank to boost expansion into new markets

By Megha Bhattacharya

Crown Agents Bank Ltd today announced that they have been selected as a new banking partner by Cambridge Global Payments, a FLEETCOR company and a provider of integrated cross-border payments and currency risk management solutions. The partnership allows Cambridge to expand its global banking footprint to facilitate payments across emerging and frontier markets in APAC and Africa.

“Since partnering with Crown Agents Bank, Cambridge has added 8 additional currencies to our portfolio and has benefited from demonstrated improvements in the transparency of payments & speed of settlement across frontier and emerging markets” said Mark Frey, President, Cambridge Global Payments. “With Cambridge’s already strong coverage across Europe, North and South America, our partnership with CAB will allow us to further expand our presence across Asia and Africa, providing additional value to our customers.”

Joe Hurley, Chief Commercial Officer, Crown Agents Bank, said: “2021 is proving to be an exciting year for Cambridge as it transitions to its new brand, CorPay. Cambridge is highly regarded worldwide, so we are delighted to have been chosen to support them at this important time for the business”. “Our vision at Crown Agents Bank includes offering our clients cutting edge services that give them every advantage in a competitive environment, particularly in emerging and frontier markets. This partnership enables Crown Agents Bank to continue our rapid digital transformation and dynamic growth and we look forward to our combined success on this journey.”

Recently, Crown Agents Investment Management (CAIM) announced the appointment of Roberts Grava as the new CEO. Grava’s experience in providing customised asset allocation analytics and advisory services for institutional clients is expected to boost CAIM’s client offering, strengthening the firm’s position as a unique fixed income and multi-asset manager for clients in emerging economies.