MYND's Payroll Payments-as-a-Service
The real challenge for growing multinational companies lies in the critical last mile of salary disbursement. Payroll doesn't end at calculation — it ends when people are paid. While many enterprises successfully outsource payroll calculation and compliance, the difficult, time-consuming, and risky process of payment execution often remains trapped internally.
Payroll That Goes Beyond Processing: We Take You All the Way to Disbursement
Standard payroll platforms calculate salaries. MYND goes further than that. Our Payments-as-a-Service is designed to bridge the gap between collecting client funds to disbursing salaries and depositing every statutory contribution (such as PF and ESIC contributions) on time, in every location.
- Unifies payroll, payments, and statutory compliance into a centralized system
- Eliminates fragmented handoffs between HR, Finance, and local banking partners
- Single accountability from calculation through settlement
Fund Collection
Aggregated fund collection from multiple entities and accounts into a single disbursement pool.
Salary Disbursement
Direct salary payments to employees across multiple countries and banking systems.
Statutory Lodgements
Timely remittance of PF, ESIC, and other mandatory contributions to regulatory bodies.
Compliance Assurance
Full regulatory compliance across all payment jurisdictions with audit-ready documentation.
Why In-House Payments are Holding You Back
Payroll Vendors Stop at "Net Pay Ready". The Execution Burden Still Lives In-House.
Once payroll is approved, Finance teams are left to manage:
FX Leakage You Never See
Every time you move money across borders to pay employees, traditional financial structures erode your funds through non-transparent pricing models.
- Banks often include 2–4% hidden markup within exchange rates
- Global service providers typically include 1–2% FX markup
- For high-volume employers, this translates into loss of tens of thousands annually
Global Scale Without Global Control
Your company's internal expansion introduces staggering complexity that makes it difficult for non-specialist teams to manage without dedicated local expertise.
- Navigating different local banking systems and file formats
- Tracking country-specific regulatory nuances and cut-off times
- Managing inconsistent approval workflows across regions and coordinating payments across different time zones
- Ensuring accurate and timely statutory lodgements
Too Many Eyes on Salary Data
When payments are executed internally by your finance teams, organizational confidentiality and operational risk become significant concerns.
- Finance teams receive bank files with employee-level salary details across all roles and levels
- Sensitive compensation data visibility breaches confidentiality
- Multiple FX/payment partners increases liability and operational risk
What should be simple becomes fragmented and high-risk
Closing the Gap Between Payroll and Payments
One Partner. Complete Execution.
MYND Payments-as-a-Service offers a single, reliable mechanism that resolves these critical challenges, allowing you to focus your finance and HR expertise on core strategic initiatives.
Transparent FX. Real Savings.
We eliminate hidden costs by offering a clear, transparent pricing model that delivers immediate and measurable value.
- FX rates aligned to mid-market rate for cross-border transactions
- Explicit visibility into your savings compared to traditional bank markups
- Compelling reduction vs. standard 2–4% bank FX margins
One Global Engine
Stop managing dozens of local bank accounts and navigating fragmented banking obligations. MYND operates as a single, aggregated payment infrastructure.
- One centralized window for all global payroll and statutory payments
- We handle specific cut-off times, banking formats, and regulatory requirements
- Your local sales and operations teams do not need to manage specialized finance processes
Confidential By Design
By outsourcing payment execution to MYND, you protect sensitive data and shift operational liability.
- Finance teams only receive total funds needed — not individual breakdowns
- Sensitive compensation data remains restricted and protected
- MYND assumes operational responsibility for banking relationships
- A powerful layer of risk mitigation for payment execution and compliance
Compliance Executed – Not Chased
We handle the complexities of making both employee payments and mandatory contributions to government and regulatory bodies.
- Timely, accurate tax remittances to avoid penalties
- Social contributions managed across compliance-driven markets
- Reduces risk of penalties and regulatory violations
- Crucial service for markets with mandatory statutory requirements
Unified Payments. Clear Visibility.
What Changes When MYND Owns Payroll Payments
One Partner from Payroll Through Settlement
We take accountability end-to-end, eliminating fragmented vendor relationships and handoffs.
Takes the Salary Cash Flow Burden Off of You
Free your finance team from manual payment coordination and reconciliation tasks.
Global Coverage Without Local Bank Setup
Scale into new markets without building country-specific banking infrastructure.
Zero Compliance Misses
Statutory lodged accurately and on time across all operating jurisdictions.
Automated Reconciliation and Governance
Payroll calculations aligned with payment outcomes and comprehensive audit trails.
Real-Time Visibility
Track payment status across countries and entities with complete transparency.
Payroll Payments, Executed Globally
One Provider. One Model. Total Accountability.
MYND's Treasury Services division manages salary and statutory payment execution across the full global payroll cycle, ensuring accuracy, timeliness, and compliance at scale.
Net Salary Payments
Direct employee disbursements across all operating locations, regardless of local banking infrastructure.
Statutory Lodgements
Timely filing of payroll-related obligations with local authorities, including taxes, social contributions, and regulatory returns.
Statutory Dues Payments
End-to-end remittance of statutory amounts to government authorities, ensuring compliance in every jurisdiction.
Designed for Every Funding Model
Whether funds are sourced locally or from central treasury, MYND executes payroll payments through a model that removes banking complexity and hidden cost.
Domestic Payments
Local entity → local bank → MYND → employees
- Single vendor management across 80+ countries
- Fully functional & licensed domestic payment network
- Deep domain & local knowledge of payment types
- Proven track record across APAC and the Middle East
International Payments
HQ/Treasury → FX conversion → MYND → global payees
- Account fully managed by MYND
- Regular reporting & transparent audit trails
- Full visibility of fund movement at every step
- Fully-managed FX solution at 0.5% above mid-market
Built for Speed, Reliability, and Security of the Future
MYND's payment infrastructure is designed to deliver speed, reliability, and security by dynamically routing payments across multiple banking and real-time payment rails.
Advanced Payment Infrastructure
Our infrastructure is built for HR payables, enabling faster setup and efficient execution of domestic payroll payments across multiple countries.
Advanced Payment Rails
We utilize cutting-edge real-time payment rails — including UPI — enabling the potential for rapid or even same-day payroll processing.
API-First Architecture
We operate on an API-first payment orchestration layer with multi-rail routing capability for seamless integration with your existing systems.
Security and Auditability
We provide full visibility and control across the payment lifecycle through comprehensive audit trails and real-time dashboards.
Why Enterprises Trust MYND With Pay Day
Deep Expertise. Proven Scale. Trusted Execution.
Deep Expertise. Proven Scale. Trusted Execution.
Executing payroll payments at global scale demands deep domain knowledge, disciplined processes, and operational maturity. MYND combines years of payroll, treasury, and compliance expertise with purpose-built technology to deliver reliable, transparent payment execution worldwide.
Decades of Proven Delivery
With 22+ years of experience across Finance, HR, and Compliance operations, MYND has evolved from a regional back-office specialist to a global managed services provider trusted by enterprises worldwide.
Operational Scale Built for Global Complexity
Millions of payslips processed annually across 150+ countries, supporting high-volume, multi-currency payroll payments in fragmented regulatory environments.
One Team Across Payroll, Treasury, and Compliance
We don't just move money — we align payroll, finance, legal, and operational controls end-to-end.
- Payroll & statutory rules
- FX & treasury execution
- Multi-rail payment routing
- Reconciliation & audit governance
Technology + Process, Not One Without the Other
MYND combines structured process frameworks with API-first automation, real-time data flows, and intelligent reconciliation engines — delivering speed, accuracy, and governance at scale.
Trust Backed by Global Security and Compliance Standards
Certified to ISO 27001, ISO 27701, SOC 1 Type II, and SOC 2 Type II, ensuring secure data handling and financial integrity across every payment.
Who MYND is Built For
Fast-Growing Multi-Country Companies
High Confidentiality Requirements
M&A or Structural Change
Blue-Collar / Distributed Workforces
Expanding into new markets but don't have local bank accounts or finance teams? When you're scaling into 2, 5, or 10+ countries, setting up local bank accounts, payment rails, and compliance processes slows everything down.
What MYND Tailors
- Centralized funding model with global payout execution
- No in-country bank account setup required to go live
- Country-specific payment formats, cut-offs, and statutory timelines handled centrally
- Single execution layer across currencies and jurisdictions
- Standardized approval and reporting across all new markets
In environments where compensation data is extremely sensitive — tech, BFSI, startups, family-run companies — internal visibility creates risk. Salary data must remain tightly controlled.
What MYND Tailors
- Externalized salary disbursement (no employee-level visibility internally)
- Aggregate funding model for finance teams
- Tight access controls, approval hierarchies and audit trails
- Centralized FX + payment execution
During entity mergers, splits or reorganizations, payroll payment execution quickly becomes fragmented and error-prone — often when continuity matters most.
What MYND Tailors
- Flexible execution models that adapt to changing entity structures
- Centralized fund movement across legacy and newly formed entities
- Statutory payments remain accurate and on time during transitions
- Temporary or hybrid execution setups during integration phases
- Central governance even as organizational structures evolve
For industries such as manufacturing, logistics, retail, and facility management—where thousands of workers must be paid accurately and on time across multiple locations, with varying shift patterns, minimum wage rules, and often weekly or fortnightly payroll cycles—consistency is critical.
What MYND Tailors
- Bulk payment orchestration
- Faster domestic rails
- Cut-off time management
- Exception handling and retries at high volume
Everything You Need to Know About Payroll-Payments-as-a-Service
What does "Payroll Payments-as-a-Service" actually mean?
It means we own the last mile of payroll — from collecting funds to executing salary payments and depositing statutory dues, while managing FX, reconciliation, and audit trails end to end.
Can MYND work alongside our existing payroll provider?
Yes. MYND is designed to integrate with your existing payroll systems and take over payment execution without disrupting your current payroll calculations or workflows.
How does MYND reduce FX costs compared to banks?
MYND offers FX rate 0.5% above mid-market rate, helping eliminate the opaque 2–4% markups commonly hidden in traditional bank exchange rates.
How many countries does MYND support?
We deliver payroll payment execution across 150+ countries, supporting global salary and statutory payments through one integrated model.
What payment activities does MYND execute?
- Net salary payments
- Statutory lodgements and filings
- Statutory dues payments (remittances to authorities)
- Fund aggregation, FX conversion, routing, reconciliation and reporting
Which statutory payments will MYND handle?
MYND executes payroll-related statutory remittances (tax withholdings, social contributions, provident funds where applicable, and other employer statutory dues) and files statutory lodgements as required per jurisdiction.
How is sensitive payroll data protected?
We use encryption in transit and at rest, role-based access controls, multi-factor authentication, continuous monitoring, and detailed audit trails. Our model limits internal visibility by providing finance teams only an aggregate funding view rather than employee-level salary details.
How are payment exceptions handled?
MYND provides exception workflows, proactive alerts and a single escalation path — reducing vendor chasing and enabling faster resolution.
Stop Calculating Payroll. Start Completing It.
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