Mulya Finance Review: Receiving International Payments for Indian Businesses
Review of Mulya Finance for Indian businesses - a solution for accepting payments from foreign clientele. Our guide to how it works and alternatives.
Receiving international payments can be a challenge for Indian businesses and freelancers. From high currency conversion fees to slow transfer times, the process can be fraught with complexities. In this article, we'll review Infinity App, a platform designed to simplify receiving cross-border payments for Indian businesses and freelancers.
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Infinity App provides Indian freelancers, startups, exporters, and e-commerce businesses with virtual local account details in global currencies like USD, GBP, EUR, CAD, AUD, and SGD, among others. Businesses can use these account details to receive payments from clients and marketplaces abroad just like a local.
Once received, the funds are converted to INR without any FX markups, and then transferred to your local Indian bank account.
A key feature for compliance is the automatic generation of a Foreign Inward Remittance Advice (FIRA) for every transaction. These certificates are available at no additional cost and can be downloaded directly from the Infinity dashboard for accounting and GST purposes.
The platform facilitates these transactions through a network of licensed banking partners regulated by the Reserve Bank of India (RBI).
Infinity App offers several features to receive international payments for Indian businesses:
Infinity App's pricing structure is straightforward:
Security is crucial when handling international payments. The platform appears to be safe, backed by several key credentials:
How to Contact Infinity App |
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If you need support or have questions, you can reach the Infinity App team through email: support@infinityapp.in or by phone at +91 95354 82864. |
To start using Infinity App, you will need to sign up on their website. The process typically involves providing personal and business information, as well as completing a KYC (Know Your Customer) verification process.
While Infinity App offers a competitive service, it's one of several modern platforms designed to help Indian businesses receive international payments. Here is a quick comparison of the standard transaction fees stated by Infinity App and its alternatives. Note that other costs may apply, so it's important to check the official platform pricing details for each service.
Provider | Stated Transaction Fee |
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Infinity App | 0.5% |
Mulya Finance | 1% |
Salt.Pe | 1.75% |
Skydo | Tiered fees (e.g., USD 19 for payments up to USD 2,000) |
Winvesta | Varies by currency (e.g., 0.99% + USD 3.00 for USD payments) |
Wise Business | Based on payment amount 👉 |
Meet Wise Business
For Indian businesses looking for a globally recognized and regulated platform, Wise offers a powerful alternative. With a Wise Business account, you can get local account details in 8+ currencies (like USD, GBP, EUR, AUD, and more) to receive payments like a local. While some newer services may compete on a single fee, Wise’s strength lies in its comprehensive global infrastructure, which offers added convenience if your client abroad also uses Wise.
Plus, if you set up a company abroad, Wise can also support you with expanding your business overseas. With its transparent pricing, currency conversion at the mid-market exchange rate, English-language customer service, and completely digital operation, the Wise Business account is an excellent option for Indian founders with startups and businesses registered across supported countries.
Get Started with Wise Business 🚀
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Review of Mulya Finance for Indian businesses - a solution for accepting payments from foreign clientele. Our guide to how it works and alternatives.
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