Bank of America to Launch Cross-Border Real-Time Payments Solution
Bank of America announced plans to launch a cross-border real-time payments service in the next quarter, offering business customers more transparent and lower-cost settlement, particularly for cross-border e-commerce sellers repatriating sales proceeds.
What are the key facts?
- 1Launch: Third quarter of 2026
- 2Channels: Swift or CashPro
- 3Use cases: B2C e-commerce seller payments and gig-economy settlements
What happened?
Bank of America plans to launch a cross-border real-time payments solution that will support instant business payments through Swift or CashPro. The service is intended to meet the demand for fast, transparent payments from cross-border e-commerce and the gig economy. Related payment flows are expected to grow substantially by 2032.
What does this mean for cross-border sellers?
Cross-border fund repatriation may become faster. Sellers should monitor the service’s potential to reduce international settlement costs.