Bank of America announced its corporate clients will have surpassed $1 trillion in payment approvals on the CashPro app, a treasury operations app for 2024. This is a more than 25% increase year-over-year, according to a press release.
CashPro is used by around 550,000 users at 40,000 companies worldwide.
“The CashPro App plays an instrumental role in helping our clients manage their business, particularly when it comes to payments,” Tom Durkin, global head of CashPro in global payments solutions at Bank of America, said in the release. “Surpassing the trillion-dollar milestone illustrates the value clients gain from the convenience, control and transparency of payment approvals.”
