✉news BusinessFinance first seen 9 h ago, last 5 h ago, peak #14
Bank of America and Bradesco Test Instant Cross-Border Payments
Original: Bank of America, Bradesco Test Instant Cross-Border Payments
Bank of America and Brazilian lender Bradesco are testing instant cross-border payments, according to Global Finance Magazine. The trial would let customers move money between the United States and Brazil in seconds rather than days, aligning with a wider banking push to speed up international transfers. Details on the technology, timeline and scope of the pilot were not disclosed.
Why now: Instant cross-border payments are a major competitive focus for global banks, so a trial by two of the industry's biggest names draws attention.
Bank of AmericaBradescoGlobal Finance Magazine
Evidence
- Bank of America, Bradesco Test Instant Cross-Border Payments · Global Finance Magazine
API: https://socialmediatrends-api.osmike.com/v1/trends/384022