{
  "id": 10691801,
  "title": "Bank of America Launches Cross-Border Real-Time Payments Solution",
  "url": "https://urgent.news/2026/09/29/bank-of-america-launches-cross-border-real-time-payments-solution",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T13:00:55.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/real-time-payments/2026/bank-of-america-launches-cross-border-real-time-payments-solution/"
  },
  "original_language": "en",
  "account": "Bank of America has successfully completed its first cross-border real-time payment, with Bradesco in Brazil transferring funds to a beneficiary in Hong Kong on September 29, according to a press release. The bank had announced plans to introduce this solution in June, allowing corporate and commercial clients to send and receive money instantly via Swift or Bank of America's CashPro platform. This new service caters to international remittances, gig worker payments, eCommerce vendor payments, and other global transactions. It focuses on high-volume, low-value payments, ensuring real-time tracking, full principal delivery, and payment certainty. The solution will later be available through CashPro. Following the successful pilot, Bank of America and Bradesco are also testing a separate U.S. payment route through Swift. Christian Stolcke, head of global financial institutions, nonbank financial institutions, and governments in Global Payments Solutions at Bank of America, stated that the pilot demonstrates how Bank of America can connect financial institutions' existing channels to real-time payment capabilities in global markets. The bank plans to expand this capability to more countries, currencies, and client payment types. Bank of America has also seen a surge in demand for higher-value real-time payments, attributed partly to the increase in its individual transaction limit from $1 million to $10 million in February 2025. From January to July 2025, Bank of America clients' corporate RTP transaction volume increased by 48% year-over-year, with the number of corporate transactions over $1 million soaring 351% during the same period.",
  "summary": "Bank of America’s Cross-Border Real-Time Payments solution has completed its first transaction, the bank said in a Tuesday (Sept. 29) press release emailed to PYMNTS. The solution enabled Brazilian bank Bradesco to complete a pilot transaction in which a payment was initiated through Bradesco’s existing Swift connectivity and delivered in Hong Kong dollars to a […] The post Bank of America…",
  "key_points": [
    "Bank of America completed first cross-border real-time payment on September 29",
    "Transfer from Bradesco in Brazil to Hong Kong beneficiary",
    "Solution focuses on high-volume, low-value payments"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}