Reclaiming Control Over Global Payroll: MYND's Payroll Payments-as-a-Service
The core challenge for growing multinational companies is navigating the critical "last mile" of salary disbursement. While many enterprises successfully outsource payroll calculation and compliance (Managed Payroll Processing), the difficult, time-consuming, and risky process of payment execution often remains trapped internally.
- Fund collection and aggregation across entities
- Salary disbursement to employees globally
- Statutory remittances (PF, ESIC contributions)
- Transparent FX rates with no hidden markups
- Real-time dashboards and audit trails
- Single window for all global payments
MYND Payments-as-a-Service: From Processing to Complete Execution
MYND Payments-as-a-Service is designed to bridge this gap, extending beyond standard processing to provide end-to-end management of fund collection, salary disbursement to employees, and the complex lodgement of statutory remittances (such as PF and ESIC contributions).
We transform payroll from a fragmented operational hurdle into a unified, transparent, and compliant function.
Move beyond just payroll calculation — achieve true end-to-end payroll operations with seamless payment execution.
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
For mid-market and expanding enterprises (typically operating in 2-5 countries), retaining payment execution in-house creates substantial burdens that directly impact finance, treasury, and HR teams.
Hidden FX Markups
Every time you move money across borders to pay employees, traditional financial structures erode your funds through non-transparent pricing models.
- Banks commonly embed 2-4% hidden markup within exchange rates
- Global service providers typically include 1-2% FX markup
- High-volume employers lose tens of thousands annually
Confidentiality and Risk Exposure
When your finance team processes payments internally, organizational confidentiality and operational risk become significant concerns.
- Finance teams receive bank files with individual salary breakdowns
- Sensitive compensation data visibility breaches confidentiality
- Multiple FX/payment partners create liability and operational risk
- Finance should only see a single lump sum for disbursement
Multi-Country Complexity and Compliance
International expansion introduces staggering complexity that non-specialist teams lack the local capability to handle effectively.
- Managing different local banking systems and formats
- Tracking varying regulatory nuances and cut-off times
- Coordinating payments across different time zones
- Ensuring accurate and timely statutory lodgements
Total Aggregation and Transparency
MYND Payments-as-a-Service provides a single, reliable mechanism that addresses these critical pain points, allowing you to focus your finance and HR expertise on core strategic initiatives.
Financial Transparency and Savings
We eliminate hidden costs by offering a clear, transparent fee structure that provides immediate, measurable return on investment.
- Rate aligned to mid-market exchange rate for cross-border transactions
- Explicit visibility into your savings compared to bank markups
- Compelling reduction vs. 2-4% traditional bank markups
Global Simplification
Stop managing dozens of local bank accounts and navigating fragmented banking rules. MYND operates as your aggregated payment infrastructure.
- Single window for all global payroll and statutory payments
- We handle specific cut-off times, banking formats, and regulatory requirements
- Your local staff (sales/operations) don't need specialized finance knowledge
Uncompromising Confidentiality and Risk Mitigation
By outsourcing payment execution to MYND, you protect sensitive data and transfer operational liability.
- Finance teams only receive total funds needed — not individual breakdowns
- Shields internal teams from viewing sensitive salary data
- MYND assumes operational liability for banking relationships
- Powerful layer of risk mitigation for compliance and payments
Full Compliance and Statutory Lodgement
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
- Mitigates risk of penalties and regulatory violations
- Crucial service for markets with mandatory statutory compliance
Speed, Reliability, and Security for the Future
MYND's infrastructure is designed to deliver speed, reliability, and security, built upon an API-first payment orchestration layer with multi-rail routing capability.
Advanced Payment Infrastructure
We focus exclusively on the HR payables space (salaries and statutory payments), which allows us to be agile and efficient in setting up domestic payment solutions in 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.
Security and Auditability
We address concerns regarding security and loss of control by providing comprehensive audit trails and real-time dashboards for complete visibility.
API-First Architecture
Built on an API-first payment orchestration layer with multi-rail routing capability for seamless integration with your existing systems.
SOC 2 Type II
Independent verification of security controls and data protection practices
ISO 27001
Information Security Management System certification for highest governance
ISO 27701
Privacy Information Management for personal data protection
SOC 1 Type II
Financial reporting controls and process integrity assurance
A Strategic Partnership
Outsourcing payroll payments is no longer just about compliance; it is a strategic move to unlock significant financial savings and operational efficiency. We focus exclusively on the HR payables space, allowing us to be agile and efficient in setting up domestic payment solutions across multiple countries.
Ready to Move Beyond Processing to Pain-Free Payment Execution?
Contact MYND today to discuss how our Payments-as-a-Service solution can simplify your global operations, ensure compliance, and deliver measurable FX savings.
