Malabar Gold & Diamonds implements Emirates NBD’s API Banking service

Malabar Gold & Diamonds implements Emirates NBD’s API Banking service

Shamlal Ahamed, the International Operations Managing Director of Malabar Gold and Diamonds, said, “We are constantly seeking to improve the efficiency of payments to our associates, who are one of the most important arms of our operations and with Emirates NBD’s new API based payment interface, we are confident of bringing another layer of seamless efficiency into our vendor payments.”

This collaboration is Emirates NBD’s first with a global jewellery client, setting a standard for payment practices in the precious metal industry, the bank said in a statement.

Ahmed Al Qassim, Group Head of Wholesale Banking Emirates NBD, said, “Our APIs are enabling convenient processing of payments across jurisdictions, empowering organisations to digitalise and expedite their B2B payments and transactions while accessing real-time cash visibility and optimised working capital.”