About Mulya
A cross-border payment platform for Indian freelancers and businesses to receive international payments. It provides virtual bank accounts, mid-market currency conversion, automated FIRS generation, and invoicing tools for FEMA-compliant remittances.
Mulya is a specialized fintech platform designed for Indian freelancers, consultants, and agencies to manage international income. By providing virtual bank accounts, it allows users to receive payments from global clients or platforms like Upwork and Deel without the high fees associated with traditional bank wires or platform-forced conversions. The platform's core value proposition lies in its transparency, offering mid-market exchange rates with a flat 1% fee and no hidden charges. A standout capability is the automated generation of Foreign Inward Remittance Statements (FIRS), which are essential for Indian tax compliance and export benefits. Users also benefit from the ability to hold USD for up to nine months, providing flexibility to convert funds when market conditions are favorable. While the platform is highly focused on the Indian market and regulatory environment, it offers a robust, compliant, and user-friendly alternative to legacy banking and high-markup payment processors.
Pros & Cons
- Provides mid-market exchange rates with zero forex markup.
- Automates the generation of mandatory FIRS documents for free.
- Allows users to hold USD for up to nine months to manage currency volatility.
- Fully compliant with RBI, FEMA, and GST export regulations.
- Offers a transparent 1% flat fee structure with no hidden costs.
- Service is strictly limited to Indian residents and businesses.
- Holding USD is restricted to a maximum of nine months.
- Requires specific documentation like PAN and Aadhaar for account verification.
- Not suitable for users outside of the Indian regulatory framework.
Features
Key features
Provides foreign bank account details to receive payments in over 20 currencies via SWIFT, ACH, and SEPA.
Automatically issues Foreign Inward Remittance Statements within 24 hours of settlement for tax and compliance proof.
Converts foreign currency to INR at the mid-market rate with zero forex markup.
Allows users to lock in exchange rates for 60 seconds to ensure transparency before confirming transactions.
Enables users to hold foreign earnings in USD for up to 9 months to optimize conversion timing.
Offers a free invoicing tool that handles GST, LUT, and purpose codes for Indian export compliance.
Additional features
Accepts payments in 26 currencies including USD, GBP, EUR, CAD, and SGD.
Provides live updates on payment status and conversion rates.
Built for FEMA, GST export rules, and RBI regulations from inception.
Converts held foreign currency to INR instantly with a single click.
Settles funds directly to Indian bank accounts within one day.
Streamlines account verification using PAN and Aadhaar integration.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Mulya
A cross-border payment platform for Indian freelancers and businesses to receive international payments. It provides virtual bank accounts, mid-market currency conversion, automated FIRS generation, and invoicing tools for FEMA-compliant remittances.
Mulya Details
Mulya's In-App Market Place
Does Mulya have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
4
Mini Apps
Payment Processing by Mulya: This add-on allows users to easily accept online payments through various payment gateways
including credit card payments
PayPal
and more. It provides a secure and seamless payment processing solution for businesses.
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CNY (¥), INR (₹), RUB (₽), KRW (₩), BRL (R$), MXN (Mex$), SGD (S$), NZD (NZ$), ZAR (R), SEK (kr), CHF (CHF), NOK (kr), DKK (kr), HKD (HK$)
Pros & Cons
- Provides mid-market exchange rates with zero forex markup.
- Automates the generation of mandatory FIRS documents for free.
- Allows users to hold USD for up to nine months to manage currency volatility.
- Fully compliant with RBI, FEMA, and GST export regulations.
- Offers a transparent 1% flat fee structure with no hidden costs.
- Service is strictly limited to Indian residents and businesses.
- Holding USD is restricted to a maximum of nine months.
- Requires specific documentation like PAN and Aadhaar for account verification.
- Not suitable for users outside of the Indian regulatory framework.
Mulya's Support Options
Email Address
support@mulya.comContact
1-800-123-4567Documentation
https://docs.mulyapayments.comCommunity Forums
https://community.mulyapayments.comLive Chat
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