Discover infinity
Posted on Jul 22, 2025
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When it comes to receiving international payments, Indian exporters and freelancers often face a frustrating reality: high foreign exchange (FX) markups, unpredictable settlement times, and layers of hidden fees. Traditional banks and even some modern platforms struggle to provide the speed, transparency, and compliance Indian businesses deserve.
That is where InfinityApp steps in.
InfinityApp simplifies cross-border payments by offering compliant, transparent, and fully regulated virtual accounts that feel like local bank accounts to your international clients. InfinityApp is specifically built to meet the needs of Indian businesses and freelancers.
In this blog, we will break down how InfinityApp works, why it is trusted by Indian exporters, freelancers, and Indian businesses, and how InfinityApp ensures compliance with Indian regulations like FEMA and the RBI guidelines.
What is Infinity’s Virtual Account?
A virtual account functions just like a traditional local bank account, except it is built for international payments.
When you use InfinityApp, you receive currency-specific virtual accounts (like USD, GBP, EUR, etc.) that are issued under real, regulated banking infrastructure. These accounts are tied to major financial institutions such as JP Morgan and are fully compliant with international and Indian financial laws.
So instead of asking your international clients to make costly SWIFT payments or use complicated remittance platforms, they simply make a local transfer in their own currency to your virtual account.
InfinityApp then converts the amount to INR at a live mid-market rate, deducts a transparent, flat fee of 0.5%, and settles the payments to your Indian bank account.
Why is InfinityApp faster, cheaper, and more transparent than banks?
Avoid Complex SWIFT Networks
Traditional banks use the SWIFT network, which involves multiple intermediary banks. Each layer adds delays, cost, and uncertainty. With InfinityApp, your clients pay into a domestic-style virtual account, eliminating the need for SWIFT routes.
Quick INR Settlements
InfinityApp ensures that your INR payments are settled within 24 hours. It is far quicker than the 5-7 business days often seen with international wires.
No Hidden Markup
We convert your incoming foreign currency using real-time exchange rates with no hidden markup. You know exactly how much you will receive before the payment is finalised.
Flat, Transparent Fees
Forget percentage-based deductions or surprise bank charges with InfinityApp. We charge a small flat fee of 0.5% (INCLUSIVE OF ALL). All charges are disclosed upfront, so no more hidden surprises.
Where are InfinityApp’s virtual accounts held?
At InfinityApp, we understand that when it comes to international payments, trust is built on transparency. That is why we openly share where your virtual accounts are held, so you and your clients can transact with complete confidence.
When you receive payments in USD, InfinityApp provides you with a virtual account that is issued through a regulated U.S financial institution- JP Morgan. This is a fully licensed U.S bank, ensuring your funds are handled under the strict oversight of U.S. banking laws.
Your American clients can send payments just like a local bank transfer, reducing friction and building confidence on both sides.
Similarly, for payments in GBP and other currencies, your virtual account is hosted with Currencycloud ( a VISA company). Currencycloud partners with major banks all over the world. So in short, your virtual account is held with a major bank's account across the globe.
In India, InfinityApp has partnered with JP Morgan India to receive all the USD payments. And Currencycloud has partnered with Yes Bank to receive payments from major currencies across the globe.
By working with trusted, licensed banks in each region, InfinityApp ensures your international payments are not just fast and affordable, but also fully compliant with both Indian and foreign regulations. These partnerships are more than technical integrations. They are a reflection of our commitment to security, compliance, and transparency at every step.
Built on the foundation of trust and compliance
We understand that financial trust doesn’t come easily, especially in international transactions. That is why InfinityApp is designed from the ground up with compliance and security at its core.
RBI compliance
InfinityApp is in-principle authorised by the Reserve Bank of India. This regulatory status means we follow all the rules set by the Foreign Exchange Management Act (FEMA), including:
KYC verification for both senders and recipients.
Proper purpose codes for export transactions
Automated FIRA (Foreign Inward Remittance Advice) generation
End-to-End Security
Your data and transactions are protected using bank-grade security protocols.
InfinityApp also supports:
Two-factor authentication
End-to-end encrypted transactions
Real-time fraud detection and risk monitoring
Why Exporters and Freelancers Choose InfinityApp
Here’s why thousands of Indian users trust InfinityApp over traditional banks and other platforms:
Feature | Traditional Banks | Freelance Platforms | InfinityApp |
|---|---|---|---|
INR Settlement Time | 5–7 business days | 3–5 business days | 24 hours |
FX Markup | 2–4% hidden | 2–3% hidden | 0% markup |
Flat Fees | ❌ Hidden charges | ❌ Varies by amount | ✅ Transparent |
FIRA Support | ❌ Manual process | ❌ Not supported | ✅ Automated |
RBI Compliance | ✅ | ❌ Not always | ✅ Fully compliant |
FAQs About InfinityApp’s Virtual Accounts
Q1. Are InfinityApp’s virtual accounts safe to use?
Absolutely. Your virtual account is issued under the license of a fully regulated financial institution and follows RBI guidelines. We use encrypted infrastructure and monitor all activity in real-time for security.
Q2. Do I need to open a new bank account to use InfinityApp?
No. You don’t need a new bank account. Funds are settled directly to your existing INR bank account in India.
Q3. Will I receive proper FIRA documents?
Yes. InfinityApp automatically generates a FIRA certificate for each eligible transaction, ensuring you're fully compliant for export documentation.
Q4. What currencies are supported?
You can receive payments in USD, EUR, GBP, SGD, CAD, AUD, and many other currencies. All are converted to INR at transparent exchange rates.
