Partnership enables instant wallet and bank payouts, streamlining cross-border payments across multiple use cases
TerraPay, a leading global money movement company, has partnered with D360 Bank, Saudi Arabia’s Sharia-compliant digital bank, to establish a high-volume, compliant inbound payment corridor into the Kingdom.
The collaboration allows seamless money transfers across multiple use cases—including person-to-person (P2P), consumer-to-business (C2B), business-to-consumer (B2C), and business-to-business (B2B) transactions. Payouts can be made directly to bank accounts or mobile wallets, supported by one integration and robust compliance standards.
Built on TerraPay’s direct bank connectivity, the new corridor extends its global receive network to 152 countries, offering instant wallet payouts and instant or T+1 bank payouts, depending on transaction value and participating banks’ payment schemes.
The unified framework simplifies cross-border money flows, eliminating the challenges of fragmented integrations, inconsistent service levels, and complex compliance processes. With one API and one contract, partners benefit from standardized regulatory processes, including KYC, AML, CTF, settlement, and dispute management, ensuring transparency, security, and efficiency at scale.
Ani Sane, Co-founder and Chief Business Officer at 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 at 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.”
The partnership is expected to benefit SMEs, corporates, digital platforms, freelancers, and expatriates—enabling everything from supplier payments and creator disbursements to remittances, tuition fees, healthcare payments, and e-commerce transactions.
By combining TerraPay’s global reach with D360 Bank’s API-driven infrastructure licensed by the Saudi Central Bank (SAMA), the initiative supports Saudi Arabia’s vision of becoming a regional hub for digital finance.
