Digital Banking

Bank of America sees $114B in payments from Europe

Photo: Adobe Stock

September 24, 2026

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Bank of America has announced that its CashPro App is seeing increasing usage in Europe, with clients using the app for more than $114.81 billion in payments, reflecting a transaction volume increase of 25% year-over-year, according to a press release.

The overall payment value increased by 21% year-over-year. CashPro enables customers to send funds while logging in via a mobile token. Customers can use a mixture of QR sign-in, biometrics and push notifications to control security.

"Mobile is an integral part of the daily treasury workflow, giving clients the flexibility to manage critical tasks securely wherever they are," Matthew Davies, head of global payments solutions EMEA at Bank of America, said in the release. "The fact that 74% of CashPro users in Europe now choose the app as their preferred security token demonstrates how firmly mobile has become embedded in day-to-day treasury and cash management."