From Pymnts · PYMNTS · · 1m 10s
Bank of America Launches Cross-Border Real-Time Payments
Bank of America completes first cross-border real-time payment transaction with Bradesco.
In brief
Bank of America completes first cross-border real-time payment transaction with Bradesco. Bank of America’s Cross-Border Real-Time Payments solution completed its first transaction with Brazilian bank Bradesco, enabling real-time payments in Hong Kong dollars. Originally reported by Pymnts.
First Transaction
Bank of America completed its first cross-border real-time payment transaction with Brazilian bank Bradesco on Tuesday, September 29, 2026.
Pilot Transaction Details
The payment was initiated through Bradesco’s existing Swift connectivity and delivered in Hong Kong dollars to a local beneficiary via Hong Kong’s Faster Payment System.
Solution Purpose
Bank of America’s Cross-Border Real-Time Payments solution supports high-volume, low-value payments with real-time tracking, full-principal delivery, and payment certainty.
Client Applications
The solution enables international remittances, gig worker payouts, e-commerce marketplace vendor payments, and other global payments for corporate and financial institution clients.
U.S. Payment Route
Bradesco and Bank of America are also piloting a separate U.S. payment route through Swift for cross-border transactions.
Corporate Payment Growth
Bank of America clients’ corporate RTP transaction volume increased 48% year over year from January through July 2026, with transactions over $1 million rising 351%.
The essence
Bank of America’s Cross-Border Real-Time Payments solution completed its first transaction with Brazilian bank Bradesco, enabling real-time payments in Hong Kong dollars.
