As the UAE’s tourism and hospitality sectors continue their rapid growth, a local fintech innovator is tackling the complex financial inefficiencies that can impact profitability. UAE-based PaySelect, a payments comparison platform, is reshaping how hotels and restaurants manage their payment infrastructure, offering tailored solutions to reduce cross-border friction and strengthen cash flow.
“Hospitality operators often focus on revenue growth, yet the way funds move into and out of the business has a direct impact on profitability,” said Sissel Nielsen, Founder & CEO of PaySelect. “We work with hotels and restaurants to modernise their payment infrastructure, reduce avoidable international costs, and improve settlement predictability — without disrupting their commercial relationships.”
Rethinking International Collections
For hotels, receiving payments from overseas tour operators and global partners has traditionally involved slow bank transfers, intermediary bank fees, and unfavorable FX spreads. These outdated processes can restrict liquidity and create operational headaches, especially during peak seasons.
PaySelect addresses this by enabling hospitality businesses to collect international payments via local accounts in key source markets like Europe, the UK, and the United States. This allows overseas partners to transact domestically, while funds are consolidated and settled into the UAE more efficiently, often within a single business day, improving cash flow and reducing hidden charges.
Streamlining Franchise and Outbound Payments
The platform also optimizes outbound cross-border payments, a critical function for hotels operating under international franchise agreements. When remitting franchise or management fees, a UAE-based hotel can use PaySelect to compare payment gateways and FX partners to find the most cost-effective routing structures and settlement options, ensuring greater transparency and control over contractual payments.
For multi-property operators, even fractional improvements in FX pricing or settlement timing can translate into significant annual savings across a portfolio.
An Ecosystem for F&B Payments
Restaurants and F&B groups face their own set of complex payment needs, including in-venue POS systems, online reservations, event bookings, and international card payments. PaySelect allows these operators to compare payment gateways, POS providers, and payment link solutions based on their specific service models and transaction volumes.
“Restaurants today require flexible payment ecosystems, not just terminals,” added Nielsen. “We ensure operators select infrastructure that supports reservations, deposits, events, and international guests, allowing payments to enhance the guest journey rather than complicate it.”
Market-Wide Advisory for Hospitality Groups
Beyond its comparison platform, PaySelect offers independent payments consulting to hotel groups across the GCC and MENA. The firm leverages its network of over 20 local and global payment providers to advise on acquiring optimisation, cross-border routing, fee benchmarking, and FX efficiency. This market-wide advisory model provides hospitality groups with objective insights into pricing, provider capabilities, and risk mitigation, facilitating faster and more informed implementation.
About PaySelect
PaySelect is an innovative UAE-based payments comparison platform and advisory firm dedicated to the hospitality sector. The company helps hotels, restaurants, and hospitality groups compare and implement more efficient payment processing, cross-border transactions, and FX solutions. By providing a market-wide view of over 20 payment providers, PaySelect enables operators to reduce costs, improve cash flow, and build resilient, future-ready payment infrastructure.
Source: Zawya
