Bank of America mobile treasury volume hits €100 billion in Europe

The shift toward mobile-first workflows is increasingly driven by security requirements rather than just portability. Bank of America reports that 74% of European users now prefer the CashPro mobile token over physical hardware, utilizing biometrics and QR authentication to authorize high-value transactions. This transition has prompted the bank to refine the app’s payment approval interface, incorporating direct feedback from its client-led CashPro Boards to provide clearer visibility into transaction details.

Matthew Davies, head of Global Payments Solutions for EMEA, noted that the integration of mobile access into daily operations reflects a broader demand for flexibility. Following this growth, the bank is now developing new digital identity verification features for corporate administrators. These updates aim to further secure the platform, which currently serves more than 35,000 companies globally and remains the top-ranked mobile treasury application according to Coalition Greenwich.