Business
OBOOK Holdings Inc. (OWLS) Collaborates with Visa to Launch OwlPay Cash App for Remittances
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) --
About this update from Obook Holdings Inc.
[{"type":"text","content":"With Visa Direct, OwlPay Cash users in the U.S. can send money directly to bank accounts in 26 countries\n 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...