TerraPay & D360 Bank Launch Seamless Payouts to Saudi Arabia

TerraPay has partnered with D360 Bank to enable instant, compliant inbound cross-border payments to Saudi Arabia, enhancing remittance flows into the Kingdom's growing digital banking ecosystem.

The collaboration allows international senders to transfer funds to D360 Bank accounts in Saudi Arabia through TerraPay's global payment network, with recipients receiving funds instantly. The service supports the large volume of inbound remittances that flow into Saudi Arabia from workers' home countries and international business partners.

TerraPay's payment infrastructure connects to sending partners in over 100 countries, providing the global reach needed to serve the diverse remittance corridors into Saudi Arabia. The company's real-time settlement capabilities ensure that funds arrive in recipients' D360 accounts without the delays associated with traditional correspondent banking channels.

For D360 Bank, the TerraPay partnership adds a critical capability for attracting and retaining customers, particularly among the expatriate population that relies on inbound remittances. The ability to receive instant cross-border payments makes D360 accounts more attractive as primary banking relationships for recipients.

The partnership reflects the growing importance of digital banks as endpoints for cross-border payments in Saudi Arabia. As digital banking adoption increases in the Kingdom, remittance providers and payment networks are building direct connections to digital banks alongside their existing relationships with traditional financial institutions.

Both companies said the service meets Saudi regulatory requirements for cross-border payment compliance, including AML screening and beneficiary verification.