OBOOK Holdings Inc. Unveils OwlPay Cash to Digitize $230 Billion U.S. Remittance Market

OBOOK Holdings Inc. has launched OwlPay Cash, a mobile app that aims to digitize the estimated $230 billion U.S. outbound remittance economy. The app offers speed, pricing certainty, and operational efficiency to users, with a focus on five high-volume corridors: Mexico, India, Colombia, Peru, and Argentina. By leveraging Visa Direct, OwlPay Cash enables payments in local currencies directly to eligible bank accounts, addressing the fragmentation of legacy remittance networks. The Company plans to expand the service to 26 regions globally, with the potential to capture a significant portion of the remittance market.