Bank of America is set 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 digital banking platform, CashPro.

Pledging 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.

The new capability will support use cases such as international remittances, gig‑worker payouts, and e‑commerce marketplace vendor payments, according to the bank. These person-to-person ( P2P ) and business-to-consumer ( B2C ) payment flows are expected to increase by 58% and 131%, respectively, by 2032.

“Around the world, policymakers and financial institutions share a common goal: making cross‑border payments faster, more transparent, more affordable, and more accessible,” says Mark Monaco, head of global payments solutions 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.”

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.