CAB Payments and What You Need to Know

CAB Payments can be a convenient and cashless way to pay for your taxi fare. This type of payment is accepted by many taxi companies.

To use CAB Payments, you'll need a credit or debit card linked to your account. The payment method is widely accepted and can be used in many cities.

One of the benefits of CAB Payments is that you can easily track your expenses and stay on top of your spending. By linking your card to your account, you can monitor your transactions and stay organized.

CAB Payments typically charge a small processing fee, which is usually a percentage of the total fare. This fee is added to the overall cost of your ride.

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CAB Payments Holdings plc reported modest growth and strategic progress in its interim results for the six months ended June 30, 2025. Total income rose 3% to £51.8 million compared to H2 2024, driven by increased client activity and diversification across FX spreads, fees, and interest income.

Adjusted EBITDA climbed 8% to £13.1 million, while Adjusted Profit After Tax grew 9% to £5.4 million. The Group is "better positioned to drive diversified and sustainable revenue growth", according to CEO Neeraj Kapur.

CAB Payments expects further half-on-half growth in H2 2025 and maintains its outlook for full-year income growth, supported by product innovation. Active clients increased to 573, with 52 onboarded during the period.

CAB Payments shares jumped 9% on Wednesday after the company announced regulatory approval to open a representative office in New York City. The new office will act as a regional hub, supporting existing clients and helping to drive new business across the Americas.

The approvals, granted by both the Federal Reserve and the New York State Department of Financial Services, allow Crown Agents Bank to establish a licensed presence in the United States for the first time.

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