WS Investor
29 Sep 2026, 19:28
Bank of America and Bradesco Complete First Cross-Border Real-Time Payments Pilot
Bank of America said Bradesco has completed the first pilot transaction using its new Cross-Border Real-Time Payments solution, marking an early step in the bank’s effort to speed up international payments without requiring clients to replace their existing infrastructure.
The transaction was initiated through Bradesco’s existing Swift connectivity and delivered in Hong Kong dollars to a local beneficiary through Hong Kong’s Faster Payment System.
Bank of America designed the solution for high-volume, low-value payments, with features including real-time tracking, full-principal delivery and greater payment certainty. The bank also plans to make the capability available through CashPro, its digital banking platform for corporate and institutional clients.
The pilot is intended to show that banks can connect established payment channels such as Swift with domestic real-time payment networks, potentially improving speed and transparency for international transfers.
Bank of America and Bradesco are also testing a separate U.S. payment route through Swift aimed at improving consumer and small-business cross-border payments.
The development reflects Bank of America’s broader push to modernize global payments infrastructure while allowing financial institutions to maintain existing workflows and connectivity.
Bank of America said Bradesco has completed the first pilot transaction using its new Cross-Border Real-Time Payments solution, marking an early step in the bank’s effort to speed up international payments without requiring clients to replace their existing infrastructure.
The transaction was initiated through Bradesco’s existing Swift connectivity and delivered in Hong Kong dollars to a local beneficiary through Hong Kong’s Faster Payment System.
Bank of America designed the solution for high-volume, low-value payments, with features including real-time tracking, full-principal delivery and greater payment certainty. The bank also plans to make the capability available through CashPro, its digital banking platform for corporate and institutional clients.
The pilot is intended to show that banks can connect established payment channels such as Swift with domestic real-time payment networks, potentially improving speed and transparency for international transfers.
Bank of America and Bradesco are also testing a separate U.S. payment route through Swift aimed at improving consumer and small-business cross-border payments.
The development reflects Bank of America’s broader push to modernize global payments infrastructure while allowing financial institutions to maintain existing workflows and connectivity.
