Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 7

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 7
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 US$3 trillion by 2027 according to the same report. We believe that cross-border payment dynamics are robust, and according to the 2023 McKinsey Global Payments Report, global volume of cross-border payment flows from both commercial and consumer transactions reached approximately US$150 trillion in 2022, with revenue from cross-border transactions estimated at around US$240 billion, a 17% increase from the previous year. OwlPaytargets cross-border business payments between businesses (“B2B”) and between business and consumers (“B2C”). According to the 2023 McKinsey Global Payments Report, the global B2B cross-border payments market has witnessed significant growth and transformation, with cross-border payment revenue totaling approximately US$166 billion in 2022. North America, Latin America and the EMEA experienced double-digit revenue growth, while the Asia-Pacific region (excluding China) saw a 25% increase in 2023, according to the same McKinsey report. OwlPayalso provides individuals with the ability to transfer funds cross-border within minutes with stablecoins. We believe that the remittance market, which represents payments between individuals (“C2C”), also plays an important role in the global payments ecosystem. Along with its growth, we believe that the B2B payment market is experiencing changes in the form of waves of digitization and innovation. While fintech innovators have accelerated the digitization of B2C/C2C payments, B2B payments remain highly reliant on legacy systems, leaving payors and payees with significant challenges that include access to fewer correspondent banks, slow settlement, high overall costs and a lack of transparency. Intermediary banking today remains the most prevalent cross-border payment method.We believe that the total available market size for B2B payments is significant and rapidly expanding as trends towards digitization broaden access to more users. By offering modernized, streamlined end-to-end payment solutions, we believe that OwlTing is well-positioned to capitalize on its early mover advantage in the blockchain-enabled payment industry to capture a meaningful share of the growing B2B and B2C markets. OwlPay’s Competitive Strengths We believe the following competitive strengths contribute to our success and differentiate us from our competitors:

| • |     | Early mover advantage in the payment industry. We are an early mover in the use of blockchain technology 
 and stablecoin to provide a one-stop payments solution.                                                  |

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| • |     | Our global licensing infrastructure. We have built and are continuing to build our global licenses                     
 portfolio that