What is Mulya?
Mulya enables businesses to open virtual foreign bank accounts in multiple countries, facilitating the receipt of international payments from clients without requiring client registration. The platform partners with entities operating under RBI guidelines to ensure legal compliance and offers accounts with trusted banks.
Users can hold foreign currency in virtual accounts and withdraw funds when needed, with transparent pricing that includes zero forex markup and free e-FIRS issuance within 24 hours for GST compliance. Data security is maintained through 256-bit military-grade encryption, and support is available around the clock.
Features
- Virtual Foreign Bank Accounts: Open accounts in multiple countries for receiving international payments
- Zero Forex Markup: Get the Google exchange rate with no additional markup on currency conversion
- Regulatory Compliance: Operates under RBI guidelines with free e-FIRS issuance for GST compliance
- Transparent Pricing: All-inclusive fees with no hidden charges or additional GST
- Secure Transactions: 256-bit military-grade encryption for data protection
Use Cases
- Receiving international client payments for freelancers and businesses
- Managing foreign currency holdings for Indian businesses
- Ensuring GST compliance for cross-border transactions
- Reducing forex costs on international payments
- Simplifying payment processes for global clients
FAQs
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How does Mulya ensure data security?
Mulya uses 256-bit military-grade encryption to protect user data and ensure secure transactions. -
What are the supported currencies on Mulya?
Mulya supports virtual accounts in USD and potentially other currencies, as indicated by references to multiple countries. -
How quickly are e-FIRS issued?
e-FIRS are issued free of charge within 24 hours to help users stay compliant with Indian GST and tax regulations. -
Are there any hidden charges on Mulya?
No, Mulya offers all-inclusive pricing with zero additional GST and no hidden charges, as stated in the transparent pricing section. -
What is the process for withdrawing funds?
Users can hold foreign currency in virtual accounts and place withdrawal requests to convert to INR when needed, with conversions based on Google rates.
