The first independent digital comparison platform of payment providers in the UAE, PaySelect, has expanded its application to enable businesses to optimize and scale their cross-border payment operations.
The companies can now evaluate the international payout solutions of ten major regional providers on a new special Cross-Border Payments section on ‘PaySelect.ae,’ providing more transparency, efficiency, and control as they expand into international markets.
Founder and CEO of PaySelect, Sissel Nielsen, said, “Cross-border payments remain one of the biggest challenges for growing businesses, especially SMEs that operate across multiple currencies and markets. By curating the top providers in the region and giving businesses the tools to compare, evaluate, and connect directly, we make global payments more accessible, efficient, and cost-effective — all in one place.”
The comparison engine of the platform enables the business to filter providers based on its operational requirements that include settlement time, supported currencies, the volume of transactions, international routes, and integrational requirements.
An in-built corridor-matching feature also allows the user to choose their sending and receiving country and immediately see which providers support those routes, rather than wasting time with lengthy research or manual checks.
PaySelect also provides options based on the data, the offers of the partners, and links to the onboarding to facilitate the decision-making and reduce delays.
Since the platform is free and commission-free to merchants, businesses have a chance to experiment with accessible solutions without cost constraints.
Having ten specialist partners that payout corridors in Africa, Asia, Europe, and the Americas, businesses can find suitable providers to use within each target market using a centralized interface.
The model also provides companies with greater transparency on fees, FX rates, and regulatory compliance, which in turn guarantees that companies deal with licensed operators in accordance with UAE and international standards.
To payment providers, PaySelect is a quality acquisition channel and can provide insight to a business actively seeking cross-border solutions. The providers are only paid on a commission basis when they make their transactions successful, which is in favor of a performance-based model.
Being listed on PaySelect also allows payment companies to build relationships that are deeper relationships with merchants within their capabilities.
In contrast to the conventional sourcing techniques that are determined by referrals or sales-related approaches, PaySelect presents itself as a standalone platform that aims to streamline purchasing and minimize friction.
Nielsen stated that “The UAE has positioned itself as a global hub for digital commerce and trade, but managing international payments can still be a barrier to growth. Our goal is to empower every business — from startups to large enterprises — to access the best cross-border solutions effortlessly, so they can focus on scaling globally rather than managing complexity.”
PaySelect is also growing its provider base and is currently negotiating with other fintech firms and specialized payout players in the region, and the long-term goal of being the most popular global sourcing destination for payment solutions.
