The Investor
17 Sep 2026, 15:59
Bank of America’s CashPro App Tops €100 Billion in European Payment Approvals
Bank of America said European companies approved more than €100 billion in payments through its CashPro App during the first seven months of 2026, highlighting the growing adoption of mobile treasury tools across the region.
Transaction volume through the app rose 25% from a year earlier, while the value of payments increased 21%. Bank of America said mobile access is becoming increasingly embedded in corporate treasury workflows, particularly for secure authentication and payment approvals.
The bank said 74% of CashPro users in Europe now choose its mobile token as their preferred authentication method. The system combines mobile authentication with biometrics, QR sign-in and push authentication, allowing corporate treasury teams to approve transactions from mobile devices.
Bank of America has also enhanced the app’s payment approval experience and is developing new digital identity verification capabilities for corporate administrators.
CashPro is used by more than 35,000 companies globally to manage payments, deposits, loans and trade transactions. The platform also incorporates AI-powered tools for transaction support, capital-markets analysis and cash-flow forecasting.
Bank of America said European companies approved more than €100 billion in payments through its CashPro App during the first seven months of 2026, highlighting the growing adoption of mobile treasury tools across the region.
Transaction volume through the app rose 25% from a year earlier, while the value of payments increased 21%. Bank of America said mobile access is becoming increasingly embedded in corporate treasury workflows, particularly for secure authentication and payment approvals.
The bank said 74% of CashPro users in Europe now choose its mobile token as their preferred authentication method. The system combines mobile authentication with biometrics, QR sign-in and push authentication, allowing corporate treasury teams to approve transactions from mobile devices.
Bank of America has also enhanced the app’s payment approval experience and is developing new digital identity verification capabilities for corporate administrators.
CashPro is used by more than 35,000 companies globally to manage payments, deposits, loans and trade transactions. The platform also incorporates AI-powered tools for transaction support, capital-markets analysis and cash-flow forecasting.
