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Crown Agents Bank selected by Cambridge Global Payments for Asia and Africa payments

Tuesday 29 June 2021 10:09 CET | News

UK-based Crown Agents Bank has been selected as a new banking partner by Cambridge Global Payments, 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.

Changing socio-economic dynamics and an increasing prevalence of digital technology are impacting trade and the way organisations do business overseas. A recent Crown Agents Bank study found that in the wake of Brexit, almost two-thirds of UK companies have outreach and expanding plans into Africa alone. CAB’s service established network and local expertise spanning across 200 years of history allows it to offer deep liquidity and last-mile termination across 400 currency pairs, as the press release says.


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Keywords: partnership, cross-border payments, banking, trade finance
Categories: Banking & Fintech | Payments General
Countries: World
This article is part of category

Banking & Fintech