CAB Payments Holdings plc, a company that helps businesses with international payments and foreign exchange in developing countries, was recently added to the London Stock Exchange. It started trading under the ticker symbol ‘CABP’ in the premium listing section.
The price for each share was £3.35, which made the company’s total value around £851.4 million.
CAB Payments is a London-based company that is changing how payments and currency exchange are done in developing markets. It connects these difficult-to-reach areas to worldwide infrastructure by using its network, technology, and knowledge. It serves a wide range of clients, including banks, financial technology companies, central banks, and humanitarian organizations involved in international aid and development.
CAB Payments has developed a widespread network for sending money globally. This network is fast, reliable, and cost-effective. Additionally, CAB Payments holds a UK banking license, ensuring compliance with high standards, strong risk management, a range of services. And a reputation as a secure choice for clients worldwide.
CEO of CAB Payments, Bhairav Trivedi, said:
Today marks the start of the next exciting chapter in the Company’s history and we are delighted that CAB Payments has begun trading as a public company on the London Stock Exchange. We look forward to pursuing our strategy of delivering long-term sustainable growth and cementing our position as a payments and forex partner of choice for blue-chip customers transacting in emerging markets, ultimately supporting our mission to connect more people in traditionally hard-to-reach regions with global financial infrastructure, enhancing financial inclusion and strengthening local economies.
