TerraPay & D360 Bank Partner to Enable Inbound Transfers into Saudi Ar

Global payments network, TerraPay, has announced a partnership with D360 Bank, a Saudi-based Sharia-compliant digital bank, to streamline inbound money transfers into Saudi Arabia across multiple use cases, including P2P, C2B, B2C, and B2B flows. The integration enables direct payouts to both bank accounts and mobile wallets, with instant or next-day (T+1) settlement depending on transaction value and participating banks. Through the partnership, TerraPay will extend its receive network to 152 countries, providing a single, compliant integration for businesses and individuals sending funds to Saudi Arabia. Built on direct bank connectivity with D360 Bank, which is licensed by the Saudi Central Bank (SAMA), the corridor combines TerraPay’s global infrastructure with D360’s API-driven platform. This approach standardises compliance processes, including KYC, AML, and CTF checks, while providing predictable settlement timelines and streamlined reconciliation. The solution targets both individual remittances and business payments, covering use cases such as family support, tuition, healthcare, SME vendor payments, tourism and pilgrimage spends, and creator payouts.