Mulya provides its clients with foreign currency accounts in specific countries to facilitate the acceptance of international payments. These accounts support transactions in USD, GBP, EUR, and CAD, corresponding to the U.S., U.K., Europe, and Canada, respectively.
Is It Legal?
Yes, it is legal to open a foreign virtual account through Mulya. The platform operates under the RBI’s OPGSP (now PA-CB) guidelines, ensuring compliance with regulations.
These virtual accounts are exclusively designed to receive foreign payments and cannot be used for other banking activities typically associated with a full account. This makes them a practical solution for simplifying the process of receiving international funds.