Bank of America has 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 Swift or the bank’s flagship digital platform, CashPro®. 

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.

Click Read More below to see the complete press release from Bank of America.