Bank of America to Launch Cross-Border Real-Time Payments Solution
Bank of America announced that it will launch a cross-border real-time payments solution next quarter, supporting Swift and CashPro platforms. The service is designed to provide more transparent and lower-cost settlement for high-frequency cross-border payment use cases, including ecommerce sellers.
What are the key facts?
- 1Publication date: June 4, 2026
- 2Target customers: Corporate, commercial, and financial institution clients
- 3Key benefits: Real-time tracking, full-value receipt, and lower costs
What happened?
Bank of America plans to launch a cross-border real-time payments service in response to growing global demand for fast and transparent payments. The service will support B2C and P2P payments and is expected to significantly improve the efficiency of cross-border fund collection for ecommerce sellers.
What does this mean for cross-border sellers?
Cross-border sellers may be able to reduce settlement costs through more efficient bank payment channels. Monitor whether the service will support collections from major ecommerce platforms.