Under the agreement, Bank of America Merrill Lynch’s corporate clients will have increased access to the cross-border payments capabilities needed to enhance their global competitiveness. The bank’s clients will benefit from an expanded set of countries and more payments that are deeply integrated with Bank of America Merrill Lynch’s FX solutions.
The strategic agreement continues Bank of America Merrill Lynch’s expansion of international capabilities, which is in keeping with the companie’s commitment to serve its clients wherever in the world they do business.
Bank of America Merrill Lynch’s global escrow services group now covers 15 jurisdictions across Europe, Asia, North and South America. Bank of America provides individual consumers, small and medium sized-market businesses and large corporations with range of banking, investing, asset management and other financial and risk management products and services.
In recent news, Bank of America Merrill Lynch (BofA Merrill) has launched Accelerated Payments to Asia, a service that aims to assist banks and corporations in making high value US dollar payments to Asian markets.
Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation for mature and emerging markets.
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