OBOOK Holdings (OWLS) *OWLS( will launch OwlPay Cash, a mobile-first remittance app developed in collaboration with Visa (V). OwlPay Cash leverages Visa Direct to enable users in the U.S. to facilitate payments abroad in local currencies directly to eligible bank accounts in 26 regions 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, or VDA, solution for OwlTing. Visa Direct connects to more than 11 billion endpoints globally. 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. 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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OWLS:
- OwlTing Expands Global Reach with Circle Payments Network Integration
- OBOOK Holdings Announces $10 Million Share Buyback Amid Payment Tech Advances
- OBOOK Holdings board authorizes $10M share repurchase program
- OBOOK Holdings unveils ‘Invisible Rails’ strategy
- Opening Day: DNA test maker BillionToOne raises $314M in IPO