Bank of America launches cross-border real-time payments service next quarter

Bank of America Corp

Bank of America Corp

BAC

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  • Bank of America plans to launch a cross-border real-time payments service next quarter via Swift or its CashPro platform.
  • Product targets high-volume, low-value international flows; focuses on instant delivery, real-time tracking, full-principal delivery, lower costs.
  • Initial connectivity includes Mexico’s SPEI, the UK Faster Payments Service, India’s UPI; supports inbound real-time payments into the US.
  • Bank processes more than USD 450 trillion in payments annually; invests about USD 1 billion a year in payments technology.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606040935PR_NEWS_USPR_____NY75912) on June 04, 2026, and is solely responsible for the information contained therein.

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