With Visa Direct, OwlPay Money customers within the U.S. can ship cash on to financial institution accounts in 26 nations.
OBOOK Holdings Inc. (“OwlTing” or the “Firm”), a blockchain know-how firm working because the OwlTing Group, introduced that it’ll launch OwlPay Money1, a mobile-first remittance app developed in collaboration with Visa, a world chief in digital funds. OwlPay Money leverages Visa Direct to allow customers in america2 to facilitate funds overseas in native currencies on to eligible financial institution accounts in 26 key areas3 worldwide, together with high-demand markets akin to Mexico, India, Colombia, Argentina, and Peru.
Constructing on the worldwide settlement with Visa introduced earlier, this marks the upcoming rollout of the Visa Direct Account (VDA) answer for OwlTing. Visa Direct connects to greater than 11 billion endpoints4 globally, serving to OwlPay Money scale back hidden charges and supply higher transparency on overseas change charges. Partnered with Cross River Financial institution for regulated U.S. settlement, OwlPay Money presents customers clear pricing with out month-to-month charges and the built-in FX conversion for on a regular basis remittances.
“For too lengthy, cross-border funds have burdened U.S. immigrants and freelancers supporting households overseas with excessive prices and gradual velocity,” stated Darren Wang, Founder and CEO at OwlTing Group. “Combining Visa Direct’s international attain with the cost-efficient and intuitive cellular show of OwlPay Money, we’re delivering actual financial savings, transparency, and velocity in a single easy app.”
“Visa is dedicated to being the community that powers fintech innovation globally, and our work with OwlTing is a implausible instance of how our infrastructure can allow new options,” stated Vira Platonova, International Head of Visa Direct. “By offering entry to our international community, we assist firms like OwlTing construct user-friendly functions that facilitate cross-border funds with higher reliability.”
International remittances are projected to achieve $905 billion5 in 2024, with 230 billion flowing from the U.S. alone6. In truth, the U.S. is dwelling to just about 48 million immigrants7, for a lot of of whom, remittances function a monetary lifeline, funding housing, schooling, healthcare, and extra. Immediately, most cross-border transfers are nonetheless performed with charges round 6.6%, in line with World Financial institution estimates8, effectively above the three% international goal set by the UN’s Sustainable Improvement Targets.
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OwlPay Money is purpose-built to serve this demand, slashing prices by as much as 70% in comparison with conventional SWIFT choices. The app might be quickly accessible for obtain on the Apple App Retailer and Google Play within the U.S. It presents:
- International Attain: Fund transfers to 26 areas throughout Latin America, Asia, and Europe, with automated FX and local-currency payout. Preliminary rollout prioritizes high-demand markets akin to Argentina, Mexico, Colombia, Peru, and India, with the remainder corridors prepared quickly.
- Reasonably priced Transfers: As much as 70% decrease charges than SWIFT choices, with no month-to-month prices.
- Simple Expertise: Cellular-first design with contact-based quick-send for quick, repeat transfers.
- Safe & Compliant: Licensed in 39 U.S. states and ISO 27001 licensed for person knowledge safety.
- Powered by Visa: Constructed on Visa Direct for dependable international payouts leveraging Visa’s trusted community.
Whereas OwlTing continues to construct the stablecoin infrastructure, this launch expands its attain in fiat funds, connecting conventional banking rails with the identical compliance-first mindset past the stablecoin ecosystem.
About OBOOK Holdings Inc. (OwlTing Group)
OBOOK Holdings Inc. (NASDAQ: OWLS) is a blockchain know-how firm working because the OwlTing Group. The Firm was based and is headquartered in Taiwan, with subsidiaries in america, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. The Firm operates a diversified ecosystem throughout funds, hospitality, and e-commerce. In 2025, in line with CB Insights’ Stablecoin Market Map, OwlTing was ranked among the many high 2 international gamers within the “Enterprise & B2B” class. The Firm’s mission is to make use of blockchain know-how to offer companies with extra dependable and clear knowledge administration, to reinvent international circulate of funds for companies and customers and to guide the digital transformation of enterprise operations. To this finish, the Firm launched OwlPay, a Web2 and Web3 hybrid fee answer, to empower international companies to function confidently within the increasing stablecoin economic system.
Sure statements on this announcement are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties and are based mostly on the Firm’s present expectations and projections about future occasions that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique, and monetary wants. Traders can establish these forward-looking statements by phrases or phrases akin to “might,” “might,” “will,” “ought to,” “would,” “anticipate,” “plan,” “purpose,” “intend,” “anticipate,” “imagine,” “estimate,” “predict,” “seemingly,” “potential,” “mission,” or “proceed,” or the damaging of those phrases or different comparable terminology. The Firm undertakes n************ to publicly replace or revise any forward-looking statements to replicate subsequent occasions or circumstances, besides as required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t assure that such expectations will show right. The Firm cautions traders that precise outcomes might differ materially from these anticipated and encourages traders to evaluate different elements that will have an effect on its future leads to the Firm’s registration assertion filed with and declared efficient by the SEC and different filings with the SEC.
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