Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 177

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 177
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 cost – continues to be a large and established payment ecosystem. We may face competition from participants in the traditional payment ecosystem, including merchant banks, correspondent banks, credit card
networks and card issuing banks. However, as a payment platform, we may also partner with those incumbents in the traditional payment ecosystem: for example, we partner with banks to provide business customers using the partner bank’s payment
route with a more comprehensive and user-friendly payment management and payout solution. We also expect to provide certain of our solutions under OwlPay to banks and credit card network intending to leverage stablecoin payments, such as
white label wallet and AML/KYC service package.

We also face competition from PSPs such as PayPal, Block and Stripe, which integrate
processing, payment, and merchant acquiring functions, are quickly adopting blockchain technology solutions and have more financial resources and are larger organizations than we are at present. Blockchain networks present PSPs with two unique
opportunities to generate additional revenue and broaden their total addressable markets: adoption at application layer, by enabling faster and more secure payment gateways, using smart contracts to automate invoice processing and offering digital
wallet solutions along with traditional methods between merchants and customers; and at the infrastructure layer, by using distributed ledgers and stablecoin for faster, secure and transparent settlements between existing financial systems and
public blockchain networks.

OwlPaydifferentiates itself by the comprehensive and flexible service offerings, which are rooted
from our experience and understanding of the real world cross-border business payments needs. It also stands out in its regulatory landscape and extensive AML and KYC package. For SMEs that are used to the legacy cross-border payment infrastructure,
OwlPay offers them a platform to seamlessly transition to the possibility of stablecoin payments that are faster, cheaper, more transparent, and more accessible.

Development Strategies

By offering a set of different solutions on the OwlPay platform, we can maximize the flexibility to meet the payment needs of different
types of customers, including SMEs, large enterprises, individuals and banks. By partnering with multiple fiat currency and stablecoin settlement networks, the OwlPay platform can provide our customers with the liberty to pick and choose
their desired way to conduct payments. We also expect to leverage our existing payment gateway customers, and further extend our offerings to our existing customers to include business payout to their vendors globally. We also expect to launch
OwlPay on large online e-commerce platforms, such as Shopify, to reach an even broader set of customers internationally.

To continue expanding our reach in global