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NBB teams up with TerraPay to widen cross-border payouts

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NBB teams up with TerraPay to widen cross-border payouts

National Bank of Bahrain has partnered with TerraPay to expand its international payout services, linking the Bahraini lender to TerraPay's global digital payments network.

The partnership will let NBB use TerraPay's infrastructure for cross-border payouts, including access to bank accounts, digital wallets, and local payment systems through a single connection. The arrangement gives the bank access to more than 12 billion endpoints worldwide.

Under the agreement, NBB will connect to TerraPay through Swift ISO 20022 messaging, enabling it to use its existing Swift infrastructure and relationship management application processes rather than build separate links into each market. The model is intended to reduce the operational burden of direct integrations while widening access to new payment corridors.

The move reflects growing pressure on banks in the Gulf and elsewhere to offer broader international payment options as customers increasingly use digital wallets and expect faster cross-border settlement. For banks with established correspondent networks, partnerships with specialist payment firms have become one way to expand payout options without replacing core systems.

Founded in 1957, NBB is Bahrain's first locally owned bank and serves retail, corporate, commercial, and institutional customers. It also operates branches in Abu Dhabi and Riyadh, while its subsidiary, Bahrain Islamic Bank, extends its reach across conventional and Sharia-compliant banking.

TerraPay's role in the partnership centres on receiving Swift messages and delivering cross-border transactions in real time across its network. The service is intended to give customers greater transparency and avoid deductions from the principal amount during transfer.

That proposition is likely to appeal to banks seeking to retain customer relationships while expanding the range of destinations they can serve.


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