Key points
- Launching next quarter: Bank of America’s global cross-border real-time payments solution will enable corporate, commercial and financial institution clients to send and receive funds instantly via Swift or CashPro®.
- Built for high-volume, low-value flows such as person-to-person (P2P) and business-to-consumer (B2C) transactions that are expected to increase by 58% and 131%, respectively, by 2032.
- More speed and transparency: real-time tracking, full-principal delivery and lower costs—aligned to the G20 cross-border payment objectives.
LONDON / NEW YORK / MEXICO / SINGAPORE – Bank of America today announced plans to launch a cross-border real-time payments solution that will enable its corporate, commercial and financial institution clients to send and receive funds instantly through
