TerraPay, a global money movement company, has announced a strategic partnership with D360 Bank, a Saudi Sharia-compliant digital bank, to facilitate inbound money transfers into the Kingdom of Saudi Arabia.

The partnership allows Saudi Arabia to support inbound flows across multiple use cases, including person-to-person, consumer-to-business, business-to-consumer, and business-to-business transactions.

Payouts can be made to both bank accounts and mobile wallets, with capacity for high volumes and a single integration.

The new corridor, built on TerraPay’s direct bank connectivity, extends the company’s receive network to 152 countries.

The arrangement creates a compliant, high-throughput inbound rail into Saudi Arabia that supports instant wallet payouts and instant or T+1 bank payouts, depending on the value of the transaction and the participating banks’ instant payment schemes.

It covers a wide range of payment needs, from consumer remittances and SME supplier payments to travel and pilgrimage spending, creator and influencer payouts, and enterprise disbursements.

Historically, moving money into Saudi Arabia has involved fragmented integrations, inconsistent service levels, and complex compliance processes, often leading to higher costs and slower delivery for senders and platforms.

TerraPay and D360 Bank seek to address these issues by providing a unified framework with one contract, one API, and standardised regulatory processes.

This includes screening, KYC, AML, CTF, settlement, and dispute flows, designed to ensure reliability and transparency at scale.

The infrastructure combines TerraPay’s international network with D360 Bank’s digital, API-driven platform, licensed by the Saudi Central Bank (SAMA).

By integrating once with TerraPay, partners gain access to bank and wallet payouts into Saudi Arabia, supported by centralised sanctions screening, strong compliance controls, robust service level agreements, and predictable settlement timelines.

The partnership is expected to benefit a wide range of users.

Businesses, including SMEs, corporates, and platforms, will be able to make supplier payments and disbursements to freelancers or creators.

Individuals, such as expatriates and professionals, will have a more reliable way to send family remittances or make payments to Saudi businesses for services such as tuition, healthcare, real estate, and e-commerce.

Ani Sane, Co-founder and Chief Business Officer of TerraPay, said:

“Going live with D360 Bank removes friction for platforms and financial institutions that need fast, compliant and cost-efficient payouts into the Kingdom, whether that’s for SMEs, tourists and pilgrims, or creators and marketplaces. One integration now unlocks instant wallet payouts and instant/T+1 bank payouts with the transparency and reliability TerraPay is known for.”

Faisal Aljadaan, Co-founder and Chief Business Officer of D360 Bank, added:

“At D360 Bank, we’re building a secure and modern payments infrastructure to support the Kingdom’s digital economy. Partnering with TerraPay enables global senders and platforms to funnel funds into Saudi seamlessly and at scale, while maintaining the highest standards of compliance.”

Featured image credit: Edited by Fintech News Middle East, based on image by AspctStyle