Core Viewpoint - OSL Group has completed the strategic acquisition of Banxa Holdings Inc., enhancing its payment product line and global expansion strategy, maintaining a "buy" rating [1] Group 1: Company Overview - Banxa is a payment service provider (PSP) and regulatory technology company headquartered in Australia, Europe, and North America, focusing on bridging traditional financial institutions with the digital asset space since its inception in March 2014 [2] - Banxa has established a strong position in the Australian market and has shifted its strategic focus towards international expansion since acquiring EU Internet Ventures B.V. in June 2020 [2] Group 2: Business Model and Compliance - Banxa positions itself as a "bridge" service provider between fiat currencies and cryptocurrencies, rather than competing with traditional cryptocurrency exchanges [3] - The company has a payment gateway infrastructure supporting multi-currency exchanges and online payment services, ensuring compliance with local laws, AML, and KYC standards, which attracts major industry players as clients [3] Group 3: Strategic Benefits of Acquisition - The integration of Banxa's international payment network will provide OSL Group with over 40 trading and payment licenses across the US, Canada, EU, UK, and Australia, enhancing its global cash flow capabilities [4] - The acquisition will create synergies between Banxa's B2B payment solutions and OSL's digital asset trading and stablecoin business, improving customer retention and operational efficiency [5] Group 4: Financial Impact - Banxa's revenue for the first half of 2025 was HKD 53.93 million, which is expected to significantly boost OSL's payment business revenue, which was HKD 195 million for the same period [6] - Revenue projections for OSL from 2025 to 2027 are estimated at HKD 514 million, HKD 873 million, and HKD 1.172 billion, with year-on-year growth rates of 37.12%, 69.91%, and 34.29% respectively [6]