BofA’s CashPro App Facilitates More Than €100 Billion in Payments Approved by European Companies

Published: September 17, 2026

European clients increasingly rely on mobile treasury tools, with payment volumes rising 25% in the first seven months of 2026

Key Takeaways

• Mobile treasury usage has reached mainstream adoption across Europe
• Clients increasingly view security and convenience as complementary, not competing, priorities
• Direct client feedback continues to guide enhancements to the CashPro App

London - European companies are increasingly turning to Bank of America’s CashPro App to manage time-sensitive treasury tasks. In the first seven months of 2026, clients in the region used the app to approve more than €100 billion in payments, as transaction volume rose 25% and payment value increased 21%^[1].

The shift reflects how mobile access is becoming embedded in corporate treasury workflows, particularly for secure authentication and payment approvals. Bank of America has continued to expand the app’s functionality and simplify its design so treasury teams can complete more tasks securely from a mobile device.

Mobile becomes the preferred way to access CashPro

CashPro mobile token, Bank of America’s mobile authentication solution, replaces the need for a physical token. Together with biometrics, QR Sign-In and push authentication, it enables corporate treasury users to access CashPro and approve transactions securely from their mobile devices.

Across Europe, 74% of CashPro users now choose a CashPro mobile token as their preferred way to authenticate and access the platform, underscoring the growing role of the app in day-to-day treasury management.

“Mobile is an integral part of the daily treasury workflow, giving clients the flexibility to manage critical tasks securely wherever they are,” said Matthew Davies, head of Global Payments Solutions EMEA at Bank of America. “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.” 

Client feedback shapes the payment approval experience

As clients conduct more business through the app, Bank of America recently enhanced the payment approval experience to provide greater visibility into payment details and make approvals more efficient.

The updates were informed by direct input from clients, including those who participate in the bank’s CashPro Boards.

“Moving from a physical token to the CashPro App was a natural step for us,” said Kunwarjit Singh Suri, EMEA Controller at F5 Limited and a member of the bank’s UK CashPro Board. “It gives us the security we need while making it easier to review and approve transactions wherever we are. The new payment approval process is another nice touch making it easier for us to review and approve payments.”

^{Pictured: The images show the updated payment approval experience on the CashPro App. Image B illustrates the details of one of the payments listed on Image A.}

Extending secure mobile access

Bank of America is developing new digital identity verification capabilities for corporate administrators, building on the app’s cybersecurity protections and patented integrated mobile token.

“Clients around the globe have embraced mobile and continue to ask us to expand what they can accomplish through the app,” said Heath Bergman, CashPro App Product Executive at Bank of America. “Their feedback is helping shape our investment as we extend secure mobile access to more treasury workflows.”

_{[1] Same Period Previous Year (SPPY)}