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ARLINGTON, Va. - OwlTing Group (NASDAQ:OWLS) announced today an expansion of its partnership with Visa to integrate Visa Direct into its OwlPay payment infrastructure, enabling eligible U.S. users to purchase USDC using debit cards. The company, valued at a market capitalization of $515 million, has seen its stock price decline 89.5% over the past six months to $5.83, down sharply from its 52-week high of $90.
The integration allows users to fund USDC transactions directly through debit cards within OwlPay’s payment system, according to a press release statement. The capability is available through OwlPay Harbor, the company’s on/off-ramp infrastructure, and OwlPay Wallet Pro, a digital wallet for asset holdings.
"By integrating Visa Direct into OwlPay, we are connecting the debit cards that most Americans already use to a digital dollar infrastructure," said Darren Wang, Founder and CEO at OwlTing Group.
Vira Platonova, Global Head of Visa Direct, stated that "Visa Direct helps make that possible by connecting new forms of value with existing payment systems, backed by the security, reliability, and compliance needed to support transparent flows."
The Federal Reserve reports that 74% of U.S. consumers use a debit card monthly, with the payment ecosystem processing $4.7 trillion in annual purchase volume.
Once funded, users can spend USDC at U.S. retailers through gift cards, transfer assets to third-party platforms, or send funds globally through integrated settlement channels, including transfers to eligible Visa debit cards, local bank accounts via the Circle Payment Network, or cash pickup through MoneyGram.The partnership expansion comes as OwlTing faces financial headwinds. InvestingPro data shows the company generated $7.8 million in revenue over the last twelve months with a gross profit margin of just 12.14%. According to InvestingPro Tips, the company suffers from weak gross profit margins and remains unprofitable. The platform’s Financial Health Score stands at "WEAK," with 5 additional ProTips available to subscribers.
OwlTing’s consumer remittance app, OwlPay Cash, will integrate the Visa Direct on-ramp in a subsequent phase. The company holds money transmission licenses or equivalent in 41 U.S. states as of March 2026.
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. Availability varies by eligibility and geography.
In other recent news, OwlTing Group has made significant strides in expanding its business operations. The company announced the onboarding of over 20 enterprise clients to its OwlPay Harbor platform in the first quarter of 2026, with these clients representing an annual payment volume exceeding $5 billion. Additionally, OwlTing has launched the OwlPay Cash app, targeting the $230 billion remittance market. This app aims to facilitate cross-border remittances initially in five countries, with plans for further global expansion.
In a strategic move, OwlTing has partnered with Arta Global Markets to offer digital asset on/off ramp and cross-currency payment services, integrating OwlPay with Arta’s financial infrastructure. This collaboration will enhance payment solutions by providing near-instant currency conversions. Furthermore, OwlTing has expanded its regulatory footprint in the United States by securing a Money Transmitter License in Nevada, bringing its regulatory coverage to 41 states. These developments highlight OwlTing’s efforts to broaden its service offerings and regulatory compliance.
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