UK's CAB Payments tops midcaps index after unit gets license for New York office

Cab Payments Holdings CABP.L rises 9.1% to 45p; top gainer on FTSE small cap index .FTSC

Money transfer group's unit, Crown Agents Bank, gets licence to operate a U.S. representative office in New York

Says New York office will act as regional business hub

Equity Development analysts say, "We would expect this development to boost growth in greater Americas region, particularly the LATAM regions of South and Central America"

YTD, CABP sheds 34.5%