RBI-Compliant Foreign Exchange Services for MICE Travel, Vendor Payments & International Events.
Prithvi Exchange offers end-to-end outward remittance support for MICE-related foreign transactions — enabling corporates, event agencies, and travel organizers to send payments abroad for venue bookings, registration fees, vendor settlements, and incentive travel arrangements, in full compliance with RBI and FEMA regulations.
Our services are structured to support complex documentation, time-sensitive transfers, and multi-party vendor payments across currencies and countries.
International conference & exhibition registration fees
Incentive travel payments for employees or partners
Hotel bookings & banquet deposits
Venue and logistics vendor payments abroad
Payments to international organizers, DMCs, and sponsors
SWIFT-based remittance with proper purpose code tagging
Form A2 documentation, KYC, GST, and PAN compliance
To process MICE payments abroad, you’ll need:
MICE stands for Meetings, Incentives, Conferences, and Exhibitions. MICE payments refer to foreign remittances made for participation, organization, or sponsorship of such international events.
Yes. We are an RBI-authorized AD-II license holder, permitted to process outward remittances for MICE-related purposes under relevant FEMA purpose codes, ensuring compliance and full documentation.
We support:
• Conference or fair registration fees
• Accommodation or venue rentals
• DMC payments (Destination Management Companies)
• Sponsorship contributions to foreign organizations
• Group travel for incentive or business purposes
Based on the nature of the MICE activity, we use:
• S0305 – Travel for business
• S1301 – Professional & consultancy services
• S1303 – Conference, seminar, research participation
We ensure the correct code is applied to avoid RBI reporting issues.
Yes. A company may remit payment for employees or stakeholders as part of an approved incentive, conference, or training program, provided all participants and documents are disclosed.
• PAN & GST of the company
• Event invite/acceptance/registration invoice
• Booking confirmation or vendor invoice
• Purpose declaration and Form A2
• Authorized signatory documents (board resolution, etc.)
Corporate entities do not fall under LRS caps. However, remittance must be justified with documentation and in accordance with FEMA guidelines. For individuals under LRS, the limit is USD 250,000 per financial year.
With correct documents, MICE payments are typically processed within 24–48 working hours. SWIFT references are shared post-remittance for tracking.
Yes. We facilitate split or phased payments across multiple international vendors with corresponding contracts or invoices. Each transfer is tagged with a unique purpose and vendor detail.
• RBI-authorized and FEMA-compliant
• Faster turnarounds with documentation review
• SWIFT tracking, payment receipts, and audit support
• Dedicated B2B Forex Desk for event agencies and corporate clients
• Transparent pricing and live FX rate quotes
Contact our Corporate Remittance Desk at Prithvi Exchange for personalized support.
PRITHVI EXCHANGE INDIA LIMITED,
Gee Gee Universal , 2nd Floor, Door no 2, Mc Nichols Road, Chetpet, Chennai -600031
E-mail: [email protected]
Landline: 044-43434250
Phone : +91 7401515155
CIN: L30006TN1995PLC031931
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