European Corporate Treasury Pivots to Mobile as Bank of America's CashPro Surpasses €100B in Approved Payments

The performance reflects accelerating momentum across the region, with payment transaction volumes rising 25 per cent and total approved payment value climbing 21 per cent compared to the same period in 2025 . As corporate treasurers demand seamless, round-the-clock mobility to manage time-sensitive cash positions, mobile authentication and authorization workflows are rapidly replacing traditional desktop-bound hardware solutions . Central to this operational migration is the elimination of physical security hardware .

Bank of America’s CashPro mobile token solution—which integrates biometrics, QR Sign-In, and push authentication directly into mobile devices—has effectively replaced legacy physical dongles . Across European corporate entities, 74 per cent of CashPro users now choose the mobile token as their preferred method to authenticate and access the platform, underscoring how deeply embedded smartphone infrastructure has become within daily cash management workflows . “Mobile is an integral part of the daily treasury workflow, giving clients the flexibility to manage critical tasks securely wherever they are,” stated 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 .” To support the growing volume of complex transactions routed through mobile devices, Bank of America recently overhauled the app’s payment approval interface . Designed to increase granular visibility into individual payment line items, the updates allow financial controllers and treasurers to inspect transaction details before granting final sign-off . Crucially, these platform refinements were developed through direct feedback gathered from the bank’s CashPro Boards—client advisory groups composed of corporate treasurers across key geographical markets and industry segments .

“Moving from a physical token to the CashPro App was a natural step for us,” noted Kunwarjit Singh Suri,