Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice

Rhea-AI Summary

Bank of America (NYSE:BAC) plans to launch a cross-border real-time payments solution next quarter, enabling corporate, commercial and financial institution clients to send and receive funds instantly via Swift or CashPro.

The service targets high-volume, low-value P2P and B2C flows, offers real-time tracking, full-principal delivery, reduced returns and lower costs, and connects to major real-time networks including SPEI, UK Faster Payments and India’s UPI.

Positive

• Launch of cross-border real-time payments solution next quarter
• Instant payments via Swift or CashPro for corporate and institutional clients
• Connectivity to SPEI, UK Faster Payments and India UPI networks
• Real-time tracking, full-principal delivery and pre-validation to cut returns
• Targets fast-growing P2P and B2C cross-border payment flows by 2032

Negative

• None.

News Market Reaction – BAC

+3.38%

+3.38% Session close to close

In the Jun 4 session, BAC gained 3.38%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Bank of America’s push to expand cross-border real-time payments, lever...

Analysis

This announcement highlights Bank of America’s push to expand cross-border real-time payments, leveraging Swift and CashPro to support high-volume, low-value P2P and B2C flows expected to grow 58% and 131% by 2032. In context, BAC already processes about USD450 trillion annually and serves nearly 70 million U.S. clients, so enhancements in speed and transparency refine an existing scale advantage. Investors may watch adoption levels, transaction growth, and how this integrates with the bank’s ongoing capital markets activity under its S-3 shelf.

Key Figures

P2P growth forecast: 58% increase by 2032 B2C growth forecast: 131% increase by 2032 Payments processed annually: USD450 trillion +5 more

8 metrics

P2P growth forecast 58% increase by 2032 Expected growth in cross-border P2P payment flows

B2C growth forecast 131% increase by 2032 Expected growth in cross-border B2C payment flows

Payments processed annually USD450 trillion Global payments volume Bank of America helps process each year

Clients in U.S. Approximately 70 million Consumer and small-business clients served in the United States

Retail financial centers Approximately 3,500 Number of U.S. retail financial centers

ATMs Approximately 15,000 Number of automated teller machines in the network

Verified digital users Approximately 59 million Digital banking users across platforms

Cross-border payments market Over $194 trillion; $320 trillion by 2032 FXC Intelligence estimate of market size and 2032 forecast

Historical Context

5 past events · Latest: Jun 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 03	Talent investment update	Positive	-0.1%	Plan to hire nearly 4,000 interns and campus recruits for 2026.
May 29	Arts support initiative	Positive	+1.6%	New arts funding and sponsorships expanding cultural preservation in Canada.
May 28	Homeownership program update	Positive	-0.7%	Community Homeownership Commitment surpassing $15B in affordable loans.
May 21	Asset outlook report	Positive	+0.5%	2026 outlook on CRE, farmland, timberland and energy in specialty assets.
May 19	Consumer finance study	Neutral	+0.0%	Gen Z financial habits study highlighting shifting support and saving trends.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent largely positive corporate and community initiatives have produced mixed price reactions, with several goodwill announcements followed by mild divergences between sentiment and next‑day performance.

Recent Company History

Over the past few weeks, BAC has issued a series of largely positive news items, from talent investment—hiring nearly 4,000 interns and campus recruits on Jun 3—to arts support in Canada and expansion of its Community Homeownership Commitment with over $15 billion in affordable loans. It also published a 2026 Specialty Asset Management Outlook and a Gen Z financial habits study. Price reactions have oscillated between small gains and modest pullbacks, suggesting investor responses to such reputation and strategy updates have been measured rather than uniformly supportive.

Key Terms

real-time payments, swift, application programming interfaces (apis), g20 cross-border payments initiative, +1 more

5 terms

real-time payments technical

"cross-border real-time payments solution will enable corporate, commercial..."

Real-time payments are electronic transfers that move money between bank accounts almost instantly and are available around the clock, unlike traditional overnight or batch transfers. For investors, this matters because faster payments improve a company’s cash flow, reduce the time money sits unpaid, and can change revenue and cost dynamics for banks, payment processors and businesses—think of it like receiving a text message instead of waiting for a letter.

swift technical

"send and receive funds instantly through Swift or the bank's flagship..."

SWIFT is the global messaging network banks use to send secure payment and transaction instructions to one another, like a tightly controlled international courier service for financial messages. Investors care because disruptions, sanctions, or changes to SWIFT access can delay or block cross-border payments, affect a company’s cash flow and foreign operations, and increase transaction risk and costs across markets.

application programming interfaces (apis) technical

"whether through application programming interfaces (APIs) or host‑to‑host channels."

Application programming interfaces (APIs) are sets of rules that let different software programs talk to each other, like a waiter carrying requests between a customer and a kitchen. For investors, APIs matter because they enable fast sharing of data and services, power integrations and partnerships, speed product development, and create new revenue or cost-saving opportunities — while also creating operational and security risks that can affect a company's value.

g20 cross-border payments initiative regulatory

"What is the G20 cross‑border payments initiative?"

A G20 cross-border payments initiative is a coordinated program by major economies to make international money transfers faster, cheaper, and clearer by updating rules, technology and cooperation between banks and regulators. For investors it matters because lower fees and quicker settlement can boost trade, reduce currency and counterparty risk, improve liquidity in global markets, and create opportunities for banks and payment technology firms, much like improving a highway that speeds and lowers the cost of moving goods.

financial stability board (fsb) regulatory

"initiative, led by the Financial Stability Board (FSB) in collaboration..."

The Financial Stability Board (FSB) is an international group of central banks, financial regulators and finance ministers that watches for risks to the global financial system and recommends rules to make banks and markets safer. Think of it as a neighborhood watch for world finance: it flags threats, suggests fixes, and coordinates regulators so shocks in one place don’t spread widely—information investors use to judge overall market risk and policy direction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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 and NEW YORK and MEXICO and SINGAPORE, June 4, 2026 /PRNewswire/ -- 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 Swift or the bank's flagship digital platform, CashPro^®. The service will offer real‑time payment tracking, full-principal preservation and lower costs.

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 2032.¹

"Around the world, policymakers and financial institutions share a common goal: making cross‑border payments faster, more transparent, more affordable, and more accessible," said Mark Monaco, head of Global Payments Solutions (GPS) at Bank of America. "This new capability directly supports the G20 payment objectives while giving our clients a scalable, reliable way to move money globally—without adding operational complexity."

Solution leverages existing real-time networks
The offering will connect to several real‑time payment networks, including SPEI in Mexico, the Faster Payments Service in the United Kingdom, and Unified Payments Interface in India. Clients will also be able to receive inbound real‑time payments into the United States, where Bank of America serves approximately 70 million consumer and small-business clients. Funds will be delivered to beneficiaries in local currency, supporting improved certainty and usability.

Seamless connectivity
Corporate and financial institution clients will be able to access the service via Swift or their existing CashPro connectivity, whether through application programming interfaces (APIs) or host‑to‑host channels. This approach minimizes technical overhead while enabling rapid adoption across client segments.

Additional benefits include:

• Payment tracking: Real‑time status visibility and confirmation once funds are credited.
• Principal preservation: No lifting fees or deductions—the full payment amount reaches the beneficiary.
• Reduced returns: Pre‑validation of recipient account information to help minimize failed payments.
• Precision timing: Payments can be initiated at any time, with funds typically delivered within seconds or minutes.

"We designed this solution with simplicity, trust, and scale in mind," said Daniel Stanton, Payments Product Head in GPS at Bank of America. "By combining established payment rails with real‑time capabilities and seamless integration, we're giving clients a practical new option for global payments."

Frequently asked questions

Question: How does Bank of America's new solution differ from traditional cross‑border payments?
Answer: Traditional cross‑border payments can involve intermediaries and longer settlement times or require costly investments into new technologies. This solution will leverage existing bank connectivity to domestic real‑time payment systems, requiring no investment in new technologies.

Question: What is the G20 cross‑border payments initiative?
Answer: The G20 cross‑border payments initiative, led by the Financial Stability Board (FSB) in collaboration with global standard‑setting bodies, was launched in 2020 to address long‑standing frictions in international payments. The initiative aims to make cross‑border payments faster, cheaper, more transparent and more inclusive, with global targets focused on improving speed, cost, access and transparency by 2027.

Question: What is CashPro?
Answer: CashPro is Bank of America's digital banking platform for corporate and institutional clients. It provides a single point of access for payments, receivables, liquidity, foreign exchange, investments and trade services, and supports multiple connectivity options—including online, mobile, API and file‑based channels—to help clients manage global treasury operations securely and efficiently.

Question: What role does Bank of America play in global payments?
Answer: Bank of America is a global leader and innovator in payments. The bank helps companies and institutions process more than USD450 trillion in payments annually and invests approximately USD1 billion each year in payments technology.

Question: What is Swift?
Answer: Swift (Society for Worldwide Interbank Financial Telecommunication) is the world's leading secure financial messaging service, connecting over 11,500 financial institutions and corporates across 200+ countries and territories. It enables, but does not physically move, funds for international transactions, ensuring secure, standardized communication.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Louise Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com

_______________________________
1	FXC Intelligence, NEW DATA: cross-border payments market now worth over $194tn and is forecast to reach $320tn by 2032

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-to-launch-cross-border-real-time-payments-expanding-global-payment-choice-302790973.html

SOURCE Bank of America Corporation

FAQ

What is Bank of America’s new cross-border real-time payments solution for BAC clients?

Bank of America is launching a cross-border real-time payments service that lets clients send and receive funds instantly via Swift or CashPro. According to Bank of America, it targets high-volume, low-value P2P and B2C flows with real-time tracking and lower costs.

When will Bank of America (BAC) launch its cross-border real-time payments service?

Bank of America expects to launch its cross-border real-time payments solution next quarter. According to Bank of America, the service will initially focus on high-volume, low-value international payments such as remittances, gig-worker payouts and e-commerce vendor payments.

How does Bank of America’s cross-border real-time payments differ from traditional methods for BAC clients?

The new solution uses existing bank connectivity to domestic real-time payment systems, avoiding extra intermediaries and long settlement times. According to Bank of America, clients can leverage current Swift or CashPro channels without investing in new technologies or infrastructure.

Which payment networks will Bank of America’s BAC cross-border real-time service connect to?

The service will connect to SPEI in Mexico, the UK Faster Payments Service and India’s Unified Payments Interface. According to Bank of America, it will also support inbound real-time payments into the United States in local currency for beneficiaries.

What benefits does Bank of America’s new BAC cross-border real-time payments offer?

Key benefits include real-time payment tracking, full-principal preservation with no lifting fees, and reduced returns via account pre-validation. According to Bank of America, payments can be initiated anytime, with funds typically delivered within seconds or minutes to beneficiaries.

How large is the cross-border payments market targeted by Bank of America’s BAC solution?

The cross-border payments market is estimated at over $194 trillion and forecast to reach $320 trillion by 2032. According to FXC Intelligence, P2P and B2C payment flows within this market are expected to grow 58% and 131%, respectively, by 2032.

What role does CashPro play in Bank of America’s new cross-border real-time payments for BAC?

CashPro acts as a key digital platform for accessing the new real-time cross-border payments service. According to Bank of America, CashPro provides corporate and institutional clients with APIs and host-to-host channels to manage payments, liquidity, FX and trade services globally.