Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 179

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 179
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 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 card network. This service will enable our customers to
send and receive funds nearly instantly and with lower fees compared to traditional SWIFT transfers. We will charge a certain percentage transaction fee based on the transaction amount.

b. Stablecoin Solutions

We currently offer OwlPay’s stablecoin-related services through a separate, ancillary product, OwlPay Wallet Pro,
and plan to integrate the functionalities of OwlPay Wallet Pro into the OwlPay platform as a one-stop solution, in the first quarter of 2025. OwlPay Wallet Pro has been rolled out to the market and is currently fully functional
in delivering the services including hosted wallet and unhosted wallet, stablecoin on/off-ramping and USDC cross-chain solution, as we expect to continue to enhance and expand our capabilities in these stablecoin-related services.

– Wallet Services

OwlPay Wallet Pro