Accepting international payments in India has become a crucial aspect of conducting business with overseas clients and customers. There are various payment methods available for businesses in India to receive international payments, including wire transfers, online payment gateways, and digital wallets, among others.
However, these money transfers have been a huge headache for everyone due to a multitude of reasons, such as high transaction fees, high conversion fees, operational issues and a lot more. Mulya Finance is the right solution for all these problems.
To solve these issues, Mulya Finance has come up with an elegant and simple solution that lets you accept international payments with ease.
The platform seeks to offer a one-stop shop for all demands related to international payments, especially those about compliance and cross-border payments. Mulya has empowered a variety of businesses and freelancers to scale their business across borders through its platform.
Major Problems in Cross-Border Payments
There are quite a few problems existing in the field of cross-border payments, such as:
Transparency: The recipient has no clue about the exact amount of INR they’ll receive in their bank, not to mention the uncertainty of the date of receiving the money.
Transfer Fees: Both the sender and the recipient may find cross-border payments to be unreasonably expensive due to high transfer fees and other hidden charges. This can be as high as 7% in some cases.
Compliances: Cross-border transfers may include several countries, each with its laws, making the process challenging and time-consuming. The sender and receiver must ensure that all regulatory requirements, including KYC, AML and Foreign Inward Remittance Certificate (FIRC), are satisfied.
Transfer speed: It may take several days for cross-border payments to arrive at their destination, which is inconvenient and wasteful of time.
What is Mulya Finance?
Mulya Finance helps you receive international payments with ease.
One of the best parts is that your transaction will get settled within 24 hours, so you won't have to keep waiting for weeks. Moreover, you don’t have to pay any currency conversion cost. Thus, you don't have to worry about paying hefty fees for your transactions as there are no hidden charges and all you have to pay is a 1% flat fee.
It has collaborated with Yes Bank and is approved under RBI’s Online Payment Gateway Service Providers (OPGSP) which makes it a trustworthy payment platform.
Meet the Founding Team
After serving as a freelancer himself for various years, Saurabh Panjwani found the problem of accepting foreign payments to be a serious issue. Upon conducting further market research, he understood that this is a problem that needs tending to. Thus, Mulya came to life.
Saurabh Panjwani spearheads this amazing team which includes Kaushal Panchal handling the tech and product side of things. While Samarth looks after the Content, Pallavi Poddar is the growth hacker of the team. Saksham Jain takes care of business development at Mulya. This highly skilled team coming from diverse backgrounds has been a key to Mulya’s success.
How to Get Started on Mulya?
You can simply register on Mulya Finance by providing the necessary details without visiting any physical branches. From a freelancer to large companies, everyone can register on Mulya. Follow these steps to register on Mulya:
Step 1: Visit Mulya.Co
Step 2: Scroll Down and click on “Join Now”
Step 3: Sign Up on the platform using your email address and set up a password.
Step 4: Once you are done, you will be taken to a new page where you can complete your KYC very easily.
Step 5: Once KYC is completed, you can start accepting international payments with ease.
Step 6: You can create payment links and invoices in a jiffy to accept payments as well.
That’s it, now you’ll be able to receive international payments with ease.
Who is Mulya Finance for?
One of the best parts about Mulya Finance is that it provides access to everyone out there.
Since, there is no minimum transaction limit and you don't get charged any conversion fees, adopting Mulya is a no-brainer for anyone. There are a lot of freelancers, startups, LLPs and private limited businesses that have been using Mulya Finance actively. It's not just for the big corporations, anyone out there can accept international transactions using Mulya Finance.
Be it receiving payment from an international client for a freelance project, or scaling your small business, Mulya Finance is at your service. Therefore, any business-big or small, or even freelancers and individuals can effortlessly receive international cross-border payments using Mulya’s services.
Why is Mulya Finance the Right Choice?
Since there are a lot of international payment apps out there, a question arises - Why Mulya Finance? Well, there are a variety of reasons so let’s take a look at them:
Currency Compatibility: Mulya Finance is compatible with more than 34 currencies ranging from US dollars to South African Rand. Thus, it helps you in opening new avenues for your business all across the globe.
Compliance with FIRC: Mulya provides you with a free Foreign Inward Remittance Certificate (FIRC) for all transactions. FIRC is important for you as it acts as proof of a foreign transfer to India. View the sample here.
Straightforward Conversion: Mulya follows conversions at Google’s rate. Thus, maintaining complete transparency and not charging you any Forex markup.
Quick Settlements: Did you get your payment blocked or was it kept on hold? You won't have to worry about all these issues with Mulya, as Mulya settles all the transactions within 24 hours.
0 Hidden Charges: There are no other hidden charges apart from the 1% transaction cost. Thus, you don't have to worry about any extra terms and conditions. No additional GST. No forex markup. No hidden charges. No cost for FIRC.
Customer Experience: One thing Mulya doesn't compromise on is its customer support. Be it any time of day, if you have any grievance, Mulya’s team is available at your service 24*7. There are no chatbots and you get to speak with a real person in 2 minutes.
Security And Safety Of Users’ Personal And Financial Information: Mulya Finance has taken all necessary safety measures to ensure the security of its customers. Mulya works with trusted partners like Yes Bank and is approved under the Reserve Bank of India’s OPGSP framework. With Mulya, you can stay rest assured that all your financial data will remain safe.
Overall, Mulya Finance is changing the face of international payments in India with the help of its unique and simplistic solution. Mulya has made thousands of people and businesses accept international payments with ease and the number keeps on increasing every minute.
With RBI’s support and a trusted partner like Yes Bank, Mulya is on the right track to becoming the go-to platform for everyone’s cross-border payment needs.
Samarth Srivastava has spent few years honing their skills and knowledge in the field of international payments. With a deep passion for finance and a keen eye for global business trends, the author has become a trusted authority on all things related to international payments.