Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 173

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 173
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 the year of 2024. Currently, we have launched USDC-based payment
gateway services to broaden the payment options available to end users.

B. Payout Services

– Domestic and International Payouts

We are in collaboration with payment market participants such as banks and licensed financial institutions, to facilitate fiat
currency payouts to businesses and individuals domestically and internationally. Our customers have access to multi-currency payment options and foreign exchange services that allow fiat currency payouts to different markets worldwide. One of our
service providers is NIUM, a company based in Singapore. NIUM helps OwlPay Payment with implementing domestic and international payout services, supporting customers in funding with 6 different fiat currencies, and assisting in
converting these into over 40 currencies, allowing payments to be made to more than 220 regions. We charge fixed-amount, per-transaction handling fees, while the percentage-based transaction fees for foreign exchange conversion from cross-border
transactions would contribute to the bulk of our revenue in our payout operations. The transaction fee percentage rates for foreign exchange conversion may vary based on the currency being converted and the jurisdictions where the customer is
onboarded. We monitor market exchange rate fluctuations and aim to offer our customers a competitive foreign exchange rate.

117

– Virtual Card Solutions

We cooperate with credit card issuers and card networks such as VISA to provide virtual credit card services. Business
customers can apply for singular corporate-owned root or “primary” cards from our collaborating issuers and utilize VISA’s virtual card functions to generate multiple sub-virtual cards to pay
suppliers or employees’ travel and miscellaneous expenses. For business customers who wish to utilize the virtual card solution, OwlPayPayment provides a platform to manage their payments and automatic payout process. We charge a
certain percentage transaction fee based on the transaction amount.

– Instant Card Account Payments

We expect to further develop and release services that would integrate payment services offered by card networks, such as VISA
Direct, to provide our customers a convenient way to send funds from a bank or card account to another party’s card or bank account within the same card network. This service will enable our customers to send and receive funds nearly instantly
and with lower fees compared to traditional SWIFT transfers. Also, we can execute various fiat currency exchange through VISA’s network. We will charge a certain percentage transaction fee and exchange fee based on the transaction amount.

OwlPay Wallet Pro

A. Wallet Services

We provide a hosted wallet for businesses and unhosted wallet to individuals that