Transaction banking · FX · Global payments
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Quarter ended June 30, 2026
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FXC IntelligenceBank of America Global PaymentsB1Markdown source recordFXC Intelligence interviews Bank of America's Head of Global Payments Product about a network planned for Q3 2026 that connects domestic instant-payment systems such as SPEI, Faster Payments and UPI. The bank says the initial service will target low-value, high-volume remittances, gig-worker payouts and marketplace payments from the US to 10 countries, with ambitions to reach as many as 50 by the end of 2027.