OwlPay Customer
OwlPay Customer Story: Yo-Kai Express
Yo-Kai Express enjoys OwlPay’s faster, cheaper, yet equally secure remittance solutions to pay global vendors.
We are glad to announce that Yo-Kai Express, an innovative company providing autonomous restaurant solutions serving delicately prepared meals, will leverage OwlPay under OwlTing Group for equipment and ingredient procurement.
Challenge
Founded in 2016, Yo-Kai Express is a Silicon Valley-based food tech company that aims to create an autonomous catering solution in response to the high demand for accessible quality gourmet food. Available 24/7, Yo-Kai Express has installed automatic delicacy-selling machines in approximately 150 locations globally, with 100 of them located throughout the United States, such as airports, hotels, hospitals, corporations, universities, and conference centers. Since most ingredients come from Asian countries such as South Korea and Japan, Yo-Kai, like many other importers, needs to pay overseas suppliers on a regular basis. However, as transaction fees and exchange loss continue to occupy a large portion of their costs, Yo-Kai seeks a faster and more affordable alternative other than banks.
Solution
OwlPay’s global blockchain and stablecoin network optimizes traditional payment processes and provides cost-saving remittance services for enterprises, adding a unique advantage for Yo-Kai Express to make payments and manage suppliers with ease. OwlPay’s order management and reconciliation system also helps Yo-Kai automate their account payable procedures, where the sales team, finance team, and suppliers can collaborate seamlessly with OwlPay, ensuring accurate, efficient, and timely fulfillment of purchase orders.
Result
Andy Lin, CEO of Yo-Kai Express, shares, “It was not until we started to use OwlPay that we realized we could actually work with payment service providers, instead of banks, to enjoy faster, cheaper, yet equally secure remittance solutions. We used to pay around 30 USD per transaction through wire transfers, but now with OwlPay, we can cut our remittance cost to as low as 6 USD. OwlPay’s additional features, including order automation, supplier management, and reconciliation also simplify our accounting procedures, allowing our team to review and initiate payments with ease. With OwlPay supporting our finances and cash flow efficiency, we can focus more on our core businesses and bring our global expansion strategy to the next level.”
Darren Wang, CEO of OwlTing Group, explains, “We are happy to work with Yo-Kai Express to introduce OwlPay and contribute to their procurement and order management processes. Like Yo-Kai Express, OwlTing Market also targets the booming global food industry; as a result, we completely understand the importance of sourcing high-quality food from various suppliers and making payment procedures efficient enough to secure relationships with overseas partners. OwlPay’s fast, transparent and affordable payment service minimizes administrative efforts and helps companies save time and cost for further innovation.”
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【About OwlTing Group】
Founded in 2010, OwlTing Group covers B2B, B2B2C, and B2C services. As a Taiwan-based company, OwlTing has branch offices in the U.S., Japan, Thailand, Malaysia, Hong Kong, and Singapore, and seeks to expand globally. In 2018, OwlTing announced an eight-figure USD investment from the Japanese financial giant SBI Group.
In recent years, OwlTing has formed partnerships with government agencies, industry, and academia globally and applied blockchain technology to the FinTech industry, medical industry, automotive industry, defense industry, food industry, forestry, agriculture, etc. OwlTing aims to build blockchain services for various industries to solve pain points and improve industry ecosystems.
OwlTing Group: http://bit.ly/3Xq3IEm
OwlPay: http://bit.ly/3w1gGwy
Contact Us: owlpaysupport@owlting.com
