Bank of America to Launch Cross-Border Real-Time Payments Solution Next Quarter
Bank of America announces that it will launch a cross-border real-time payments solution next quarter, supporting corporate clients to make instant funds transfers via Swift or CashPro platforms, aimed at improving the transparency and speed of cross-border transactions.
What are the key facts?
- 1Launch Time: Third Quarter 2026
- 2Core Function: Cross-Border Real-Time Fund Transfers
- 3Supported Channels: Swift, CashPro
What happened?
Bank of America plans to launch cross-border real-time payment services in the third quarter, aiming to meet enterprises' needs for high-frequency, small-scale cross-border payments. The core function of this new service is to enable corporate clients to conduct real-time fund transfers globally, which can be operated through the Swift or CashPro platforms. The launch of this service will greatly enhance the transparency of cross-border transactions and the speed of fund arrival, catering to the growing demands of international commerce and helping businesses conduct cross-border transactions more efficiently.
What does this mean for cross-border sellers?
The enhancement of cross-border payment efficiency will further reduce sellers' capital turnover costs, especially in B2B or large-scale cross-border transaction scenarios.