Bank of America to Launch Cross-Border Real-Time Payments Solution Next Quarter
Bank of America announced plans to launch a cross-border real-time payments solution next quarter, enabling corporate customers to make and receive instant payments through Swift or CashPro. The service is intended to improve the transparency and speed of cross-border transactions.
What are the key facts?
- 1Launch timing: third quarter of 2026
- 2Core function: real-time cross-border receipt and disbursement of funds
- 3Supported channels: Swift, CashPro
What happened?
Bank of America plans to launch its cross-border real-time payments service in the third quarter to meet corporate demand for high-frequency, low-value cross-border payments. The service’s core function is to support real-time receipt and disbursement of funds worldwide for corporate customers. Users will be able to operate the service through Swift or CashPro. The launch is expected to significantly improve the transparency of cross-border transactions and the speed of fund settlement, meeting growing international business needs and helping companies conduct cross-border transactions more efficiently.
What does this mean for cross-border sellers?
More efficient cross-border payments could reduce sellers’ cash-flow and fund-turnover costs, particularly for B2B or high-value international transactions.