✉news BusinessFinance first seen 3 h ago, last 16 min ago, peak #14
Bank of America and Bradesco Trial 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 together, a move aimed at cutting the time and cost of moving money between the United States and Brazil. The trial, reported by Global Finance, puts two of the biggest banks in each market at the centre of efforts to make international transfers as fast as domestic ones, a space where fintechs have been pushing traditional banks to modernise.
Why now: Banks testing faster, cheaper international payments is a notable development in the ongoing push to modernise cross-border transfers.
Bank of AmericaBradescoGlobal Finance
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Evidence
- Bank of America, Bradesco Test Instant Cross-Border Payments · Global Finance Magazine
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