Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 179

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 179
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 but requiring cross-border paymentsimprove operational efficiency. Additionally, through collaboration with VISA Direct, OwlPay Paymentplans toprovide business and individual with a convenient way to send funds from a bank or card account to another party’scard or bank account within the same card network.

A. Payment Gateway Services

In May 2023, we enhanced our payments-related offerings by acquiring PayNow, a prominent Taiwanese payment gateway service
provider. By integrating PayNow’s payment gateway service capabilities, OwlPayoffers an embedded payment 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$217 million for the year of 2024. Currently, we have launched USDC-based payment
gateway services to broaden the payment options available to end users.

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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.

– 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-v