Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 178

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 178
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 who require
cross-border payment solutions.

121

Payment Products and Services

OwlPay offers a comprehensive suite of features designed to streamline and facilitate cross-border payments for both business and
individual customers. OwlPay aims to provide a one-stop solution to upgrade the current payment infrastructure to the Web3 ecosystem. We are continuously building up the banking network in the
jurisdictions where we have obtained relevant licenses to enable payments through fiat currency, as well as through stablecoin – a cheaper, faster, more transparent way to do cross-border payment.

Within our payment business our main source of revenue is expected to come from cross-border transactions. In cross-border transactions, in
addition to charging fixed-amount, per-transaction handling fees, we also charge percentage-based transaction fees for foreign exchange conversion and conversion between stablecoin and fiat currency. We also generate revenue from our payment gateway
services where we charge transaction fees from e-commerce platforms based on the amount transacted. Additionally, we generate revenue from our hosted wallet services, consisting of initial setup fees and
monthly maintenance fees. As of 2023, the transactions we helped process had been substantially conducted via fiat currency, and we are further rolling out and expanding our payment platform services with other settlement routes including via
stablecoin. The following is a list of our payment solutions.

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 more than US$200 million for the year of 2023 (including the transactions processed by PayNow in 2023 prior to
our acquisition of it in May 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