Dhalumal group of companies leverages full potential of its corporate credit card on PayMate

“Prior to PayMate, our commercial credit cards were restricted to T & E expenses. Now, we are able to make optimal utilization of the credit limit assigned to us for making supplier payments. All our suppliers are happy with the timely and sometimes even early payments being made to them. Additionally, by utilizing the funds assigned on the card, we have eased the management of our cashflows.”

Gopal Dhalumal Shroff, Chairman & Managing Director

Pavan Gopal Shroff, Managing Director

About Dhalumal Group of Companies

Our story begins in 1976 in a small shop in Deira, Dubai. Mr. Dhalumal Jethanand Shroff had a vision of giving Dubai the kind of electronics business it deserved. A business that would not compromise on quality and standards. This vision was furthered by his son Mr. Gopal Dhalumal Shroff, who took the business to greater heights by opening new showrooms and factories. He also expanded the business to offer services in a range of businesses including textile, hardware, jewellery, real estate and more.
The business was taken forward by his son Mr. Pavan Gopal Shroff. This legacy of putting the customer first still continues. Under the able guidance of Mr. Gopal Dhalumal Shroff and Mr. Pavan Gopal Shroff, Dhalumal Group has today successfully transformed and modernized the electronics, textile, hardware, FMCG and packaging business in Dubai.

Headquarters

Dubai

Customer since

Aug 2022

Industry

Trading

Payments processed every month

USD 272,294

Problem statement

The use of their corporate credit cards was restricted to T & E (travel and entertainment) expenses .

Lack of payment acceptance infrastructure at the suppliers end

Solution

PayMate offered its platform that would enable Dhalumal in the following steps:

The PayMate platform enabled Dhalumal to use their corporate credit card as a payment instrument on its platform for supplier payments.

PayMate onboarded Dhalumal’s suppliers on its platform after a one-time KYC process. This enabled the suppliers to accept payments from Dhalumal irrespective of whether them being the card or non-card-accepting merchants.

The PayMate platform enabled Dhalumal to use their corporate credit card as a payment instrument on its platform for supplier payments.

Outcome

Dhalumal started utilizing the full credit limit on the card

PayMate facilitated easy supplier payments not only for Dhalumal but also for their suppliers as they can receive payments into their bank accounts.

Result: PayMate created more avenues for Dhalumal to use their corporate credit cards

Customer Feedback

On a scale of 1-5, please rate the amount of efficiency brought in within Team Dhalumal after using the PayMate platform.

Did the use of corporate credit cards for supplier payments help Team Dhalumal in better utilization of cashflows?

Would you consider PayMate a secure platform to make supplier payments?