OBOOK Holdings Inc. (OWLS) Collaborates with Visa to Launch OwlPay Cash App for Remittances

Rhea-AI Summary

OBOOK Holdings (NASDAQ: OWLS) announced the launch of OwlPay Cash, a mobile-first remittance app developed with Visa using Visa Direct to send funds from U.S. users to eligible bank accounts in 26 countries. The service uses Cross River Bank for U.S. settlement, offers built-in FX conversion, transparent pricing with no monthly fees, and claims up to 70% lower fees versus SWIFT. OwlPay Cash is licensed in 39 U.S. states and ISO 27001 certified for data protection. The app will be available soon on Apple App Store and Google Play.

Positive

• 26-country payout coverage at launch
• Claims up to 70% lower fees vs SWIFT
• Licensed in 39 U.S. states for operations
• ISO 27001 certification for data protection
• Built on Visa Direct accessing >11 billion endpoints

Negative

• Initial rollout limited to 26 regions, not global
• U.S. settlement dependent on Cross River Bank counterparty

Key Figures

Destination markets 26 countries/regions OwlPay Cash transfers to eligible bank accounts

Visa Direct endpoints 11 billion endpoints Global endpoints connected via Visa Direct

Licensed U.S. states 39 U.S. states OwlTing licensing coverage for OwlPay Cash

Global remittances 2024 $905 billion Projected global remittance volume in 2024

U.S. remittance outflows $230 billion Projected remittances flowing from the U.S. in 2024

U.S. immigrant population 48 million immigrants Population potentially relying on remittances

Typical transfer fees 6.6% fees Average cross-border transfer fees cited from World Bank

Fee reduction vs SWIFT Up to 70% lower OwlPay Cash fee reduction versus traditional SWIFT options

Market Reality Check

$7.21 Last Close

Volume Volume 33,135 is 0.59x the 20-day average of 56,141, indicating subdued pre-news trading. low

Technical Shares at $7.21 are trading below the $11.66 200-day MA and far under the $90 52-week high.

Peers on Argus

No peers or sector data are provided, and momentum scanners show no related names, indicating this move is stock-specific rather than a sector-wide reaction.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 04	Stablecoin network deal	Positive	-0.7%	Joined Circle Payments Network to enable compliant, near-instant stablecoin cross-border payments.
Nov 26	Share repurchase plan	Positive	+0.3%	Board authorized <b>$10 million</b> buyback alongside expanding payment-technology initiatives.
Nov 20	AI settlement strategy	Positive	-3.0%	Unveiled "Invisible Rails" plan and x402 protocol for T+0 AI-driven settlements.
Nov 17	Product suite update	Positive	-1.5%	Outlined OwlPay Harbor and related products scaling stablecoin and tokenized-asset settlement.
Oct 24	Regulatory expansion	Positive	+18.0%	Added money transmitter licenses, expanding U.S. coverage to <b>40 states</b> for OwlPay.

Pattern Detected

Recent strategically positive announcements often met mixed price reactions, with some crypto/AI initiatives seeing negative moves while regulatory expansion and buybacks saw stronger gains.

Recent Company History

Over the last few months, OBOOK (OwlTing) focused on building a regulated cross-border payments and stablecoin infrastructure. It joined the Circle Payments Network for compliant stablecoin transactions on Dec 04, 2025, authorized a $10 million share repurchase on Nov 26, 2025, and promoted its "Invisible Rails" AI settlement strategy on Nov 20, 2025. Earlier, it highlighted multi-product stablecoin infrastructure and expanded U.S. money transmitter coverage to 40 states. Today’s Visa-linked remittance app fits this trajectory of combining regulatory footprint with payment technology partnerships.

Market Pulse Summary

This announcement adds a consumer remittance layer to OBOOK’s existing cross-border and stablecoin infrastructure, pairing OwlPay Cash with Visa Direct connectivity to 26 markets and licenses in 39 U.S. states. It follows recent steps such as Circle Payments Network integration and prior regulatory expansion to 40 states. Investors may monitor user adoption, fee economics versus traditional SWIFT transfers, and how this fiat-focused app complements ongoing stablecoin initiatives and AI-enabled settlement products.

Key Terms

iso 27001 technical

"Licensed in 39 U.S. states and ISO 27001 certified for user data protection."

ISO 27001 is an internationally recognized standard that sets out the best practices for managing and protecting sensitive information within an organization. It acts like a security blueprint, helping companies ensure data is kept safe from theft, loss, or damage. For investors, organizations with ISO 27001 certification demonstrate a strong commitment to information security, reducing the risk of data breaches that could impact business stability and reputation.

stablecoin financial

"While OwlTing continues to build the stablecoin infrastructure, this launch expands its reach"

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

AI-generated analysis. Not financial advice.

With Visa Direct, OwlPay Cash users in the U.S. can send money directly to bank accounts in 26 countries

ARLINGTON, Va., Dec. 09, 2025 (GLOBE NEWSWIRE) -- OBOOK Holdings Inc. (NASDAQ: OWLS) (“OwlTing” or the "Company"), a blockchain technology company operating as the OwlTing Group, today announced that it will launch OwlPay Cash¹, a mobile-first remittance app developed in collaboration with Visa, a world leader in digital payments. OwlPay Cash leverages Visa Direct to enable users in the United States² to facilitate payments abroad in local currencies directly to eligible bank accounts in 26 key regions³ worldwide, including high-demand markets such as Mexico, India, Colombia, Argentina, and Peru.

Building on the global agreement with Visa announced earlier, this marks the upcoming rollout of the Visa Direct Account (VDA) solution for OwlTing. Visa Direct connects to more than 11 billion endpoints⁴ globally, helping OwlPay Cash reduce hidden fees and provide greater transparency on foreign exchange rates. Partnered with Cross River Bank for regulated U.S. settlement, OwlPay Cash offers users transparent pricing without monthly fees and the built-in FX conversion for everyday remittances.

“For too long, cross-border payments have burdened U.S. immigrants and freelancers supporting families abroad with high costs and slow speed,” said Darren Wang, Founder and CEO at OwlTing Group. “Combining Visa Direct’s global reach with the cost-efficient and intuitive mobile display of OwlPay Cash, we’re delivering real savings, transparency, and speed in one simple app.”

"Visa is committed to being the network that powers fintech innovation globally, and our work with OwlTing is a fantastic example of how our infrastructure can enable new solutions,” said Vira Platonova, Global Head of Visa Direct. “By providing access to our global network, we help companies like OwlTing build user-friendly applications that facilitate cross-border payments with greater reliability."

Global remittances are projected to reach $905 billion⁵ in 2024, with 230 billion flowing from the U.S. alone⁶. In fact, the U.S. is home to nearly 48 million immigrants⁷, for many of whom, remittances serve as a financial lifeline, funding housing, education, healthcare, and more. Today, most cross-border transfers are still conducted with fees around 6.6%, according to World Bank estimates⁸, well above the 3% global target set by the UN’s Sustainable Development Goals⁹.

OwlPay Cash is purpose-built to serve this demand, slashing costs by up to 70% compared to traditional SWIFT options. The app will be soon available for download on the Apple App Store and Google Play in the U.S. It offers:

• Global Reach: Fund transfers to 26 regions across Latin America, Asia, and Europe, with automatic FX and local-currency payout. Initial rollout prioritizes high-demand markets such as Argentina, Mexico, Colombia, Peru, and India, with the rest corridors ready soon.
• Affordable Transfers: Up to 70% lower fees than SWIFT options, with no monthly charges.
• Easy Experience: Mobile-first design with contact-based quick-send for fast, repeat transfers.
• Secure & Compliant: Licensed in 39 U.S. states and ISO 27001 certified for user data protection.
• Powered by Visa: Built on Visa Direct for reliable global payouts leveraging Visa's trusted network.
  
  

While OwlTing continues to build the stablecoin infrastructure, this launch expands its reach in fiat payments, connecting traditional banking rails with the same compliance-first mindset beyond the stablecoin ecosystem.

About OBOOK Holdings Inc. (OwlTing Group)
OBOOK Holdings Inc. (NASDAQ: OWLS) is a blockchain technology company operating as the OwlTing Group. The Company was founded and is headquartered in Taiwan, with subsidiaries in the United States, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. The Company operates a diversified ecosystem across payments, hospitality, and e-commerce. In 2025, according to CB Insights’ Stablecoin Market Map, OwlTing was ranked among the top 2 global players in the “Enterprise & B2B” category. The Company’s mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. To this end, the Company introduced OwlPay, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the expanding stablecoin economy. For more information, visit https://www.owlting.com/portal/?lang=en.

Safe Harbor Statement
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “project,” or “continue,” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company cautions investors that actual results may differ materially from those anticipated and encourages investors to review other factors that may affect its future results in the Company’s registration statement filed with and declared effective by the SEC and other filings with the SEC, available at www.sec.gov.

OBOOK Holdings Inc. Media Relations
Michael Hsu, Public Relations Director
pr_office@owlting.com

¹ All money transmission services in the United States are provided by OwlTing USA, Inc. (NMLS ID: 2324336), a wholly owned subsidiary of OBOOK Holdings Inc.
² Availability may vary by jurisdiction and is subject to change. As of November 2025, OwlTing Group has obtained MTL licenses or their equivalent in 39 U.S. states and is applying for licenses in additional states. The Company has now expanded its regulatory footprint in 40 U.S. States. For a list of U.S. licenses obtained, please see https://www.owlting.com/owlpay/licenses?lang=en.
³ Key Regions include Canada, Argentina, Colombia, Peru and Mexico in the Americas; Austria, Belgium, France, Germany, Greece, Hungary, Italy, Lithuania, Monaco, Netherlands, Portugal, Slovakia, Slovenia, Spain and Poland in Europe; and Hong Kong, India, Japan, Malaysia, Singapore and South Korea in Asia.
⁴ According to Visa Annual Report 2024, https://annualreport.visa.com/home/default.aspx
⁵ According to the estimation of World Bank, https://blogs.worldbank.org/en/peoplemove/in-2024--remittance-flows-to-low--and-middle-income-countries-ar
⁶ According to the estimation from BBVA Research, https://www.bbvaresearch.com/wp-content/uploads/2025/05/A-Remittance-Tax-Would-Be-Unfair-Regressive-and-Have-Limited-Impact.pdf
⁷ According to the American Community Survey in 2023, estimated to have 47.8 million foreign born population in the U.S.
⁸ According to the World Bank statistics, https://remittanceprices.worldbank.org/#:~:text=Globally%2C%20sending%20remittances%20costs%20an,2024%20report%20for%20further%20details
⁹ According to the United Nations SDG 10. Target 10.c indicates: By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bbdcd09e-daae-48f0-ab69-36a0ad569e5c

FAQ

What countries will OwlPay Cash (OWLS) support at launch?

OwlPay Cash will enable payouts to eligible bank accounts in 26 countries, including Mexico, India, Colombia, Argentina, and Peru.

How does OwlPay Cash (OWLS) price remittances compared with SWIFT?

OwlPay Cash advertises up to 70% lower fees than traditional SWIFT transfers and offers transparent pricing with no monthly fees.

When will OwlPay Cash (OWLS) be available for download in the U.S.?

The company said the app will be available soon on the Apple App Store and Google Play in the U.S.

What payment network and settlement bank power OwlPay Cash (OWLS)?

OwlPay Cash is built on Visa Direct for global payouts and uses Cross River Bank for regulated U.S. settlement.

What security and compliance credentials does OwlPay Cash (OWLS) have?

OwlPay Cash is licensed in 39 U.S. states and holds ISO 27001 certification for user data protection.