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Bank of America Announces Plans To Launch Cross-Border Real Time Payment System Using Swift Or CashPro Digital Platform; Expected To Launch In The Next Quarter

Benzinga·06/04/2026 13:41:25
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The service is expected to launch next quarter and will support high‑volume, low‑value international payments. Designed to address rising demand for faster and more transparent global payments, the new capability will support use cases such as international remittances, gig‑worker payouts, and e‑commerce marketplace vendor payments, among others. These P2P and B2C payment flows are expected to increase by 58% and 131%, respectively, by 2032.