Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 179

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 179
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 collection function to businesses and proprietors to receive consumer payments, supporting a wide range of payment collection methods, including
via credit cards, mobile payments, web ATM and payment at convenience stores. For payment gateway services, we charge the merchants a transaction fee for each successful payment based on a predetermined rate, which varies depending on the markets,
and a fixed-amount handling fee when disbursing the collected funds. Our processing transaction volume of payment gateway services is US$142.0 million for the year of 2023.

B. Payment Platform Services

a. Fiat Solutions

– Domestic and International Payouts

OwlPay, in collaboration with OwlPayPartners such as banks and licensed financial institutions, facilitates 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
partners is NIUM, a company based in Singapore. NIUM helps OwlPay 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 payment is initiated or settled. We monitor market
exchange rate fluctuations and aim to offer our customers a competitive foreign exchange rate.

– Virtual Card Solutions

OwlPay cooperates 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 “master” cards from our partnered issuers and utilize VISA’s virtual card functions to generate multiple sub-virtual cards to
pay

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suppliers or employees’ travel and miscellaneous expenses. For business customers who wish to utilize the virtual card solution, OwlPayprovides 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

OwlPay expects 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