CAB Global Markets, CAB Payments’ (CABP) Middle Eastern subsidiary, has received in-principle approval for a Category 2 Financial Services Permission licence from the Financial Services Regulatory Authority of ADGM (Abu Dhabi Global Markets).
This licence will add to the group’s current licences and offices in the UK, Netherlands, and the USA.
CABP specialises in moving money (both ways) between developed and emerging markets, with a focus on ‘hard to reach’ frontier markets.
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Cab Payments Holdings Plc - Geographic expansion on track: Abu Dhabi progress