● Expansion builds out service launched in July that enables retail clients to send money from euro accounts into non-euro currencies with the speed and simplicity of a domestic transfer
● Addition of USD corridor represents a crucial piece of the overall offering - providing support for one of the most in-demand currencies
UniCredit has expanded its fast and secure foreign-currency payment service, originally announced in July, adding support for payments into US dollars (USD). The service, which utilises Bank of America's USD clearing capabilities, will initially be available to UniCredit's Italian customers ahead of a wider roll-out to customers in other countries.
UniCredit's foreign-currency payment service, which also covers nine other major currencies, such as GBP, CHF, HKD, SGD and INR, enables the bank's private and retail customers to make international payments with the same speed and simplicity they have come to expect from domestic transfers.
Having already positioned itself as the first major European bank to offer this level of speed and security for foreign-currency transactions, this latest expansion signals the bank's ambition to build out a robust, agile and modern payments network. This is in line with the Group's multi-year plan, which aims to make the bank every European's first choice for payments.
''Our new fast and secure service is setting a new standard for cross-border payments. And by extending it to include the US dollar, we are sending a clear message: that large banking institutions can - and should - collaborate to offer customers a fast, transparent and innovative cross-border experience,'' said Raphael Barisaac Global Head of Payments & Cash Management at UniCredit.
"Today's payments landscape is highly dynamic, incorporating tech advances and changes in client behaviour. Speed and convenience have become key and necessary characteristics of sending funds across the world, and this collaboration delivers on both," said Christian Stolcke, Head of Global Payments Solutions (GPS), Financial Institutions and Governments, Bank of America.
In practice, UniCredit's retail clients in Italy can now enjoy several benefits, including:
• Access to fast international payments also in US dollars, with real-time conversion and USD funds typically credited to the payee in seconds
• Transparent and competitive rates and costs
• Direct access via the UniCredit mobile banking app, in just few taps
The bank plans to further expand this service to reach new markets and destination currencies.
Milan, 22 September 2025
Contacts
Media Relations
e mail: mediarelations@unicredit.eu
Investor Relations
e mail: InvestorRelations@unicredit.eu