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When the online gambling and entertainment payments is done, surely the institutions will come. Keep innovating IPSI, let’s adapting CBDC and partnership with some ISO in the payments space.
The Merchant Services is changing at a very fast pace. What if IPSI can adapt to CBDC? Acquired by FirstData, Fiserv or partnering with any ISO or banking in the payments industry????
Yeah that’s good stuff. This company has a lot going for it, and a few irons in the fire. Still mostly a secret with a few peeps waking up to it. $IPSI
GLTU - GLTA - WIC
IPSIPay Express New Business Line to Broaden IPSI’s Digital Payments Services Into the Fast-Growing Online Gaming and Entertainment Sectors
Wow !!! would have expected more movement in the stock price
https://www.otcmarkets.com/stock/IPSI/news/Innovative-Payment-Solutions-Announces-IPSIPay-Express-a-New-Business-Line-to-Broaden-IPSIs-Digital-Payments-Services-In?id=398671
CARMEL BY THE SEA, Calif., May 01, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a fintech provider of robust and proprietary digital payment platforms that enable transfers of money by means of convenient, cost effective fast and secure systems, today announced that it has entered into a new line of business called IPSIPay ExpressTM, a three-way joint venture with payment industry veterans OpenPath and eFinityPay to develop and market a proprietary consumer to merchant real time payment platform initially focused on the fast growing online gaming and entertainment sectors.
IPSIPay Express will provide merchants with a technology for payment processing that allows for seamless, secure, and instantaneous transactions, in real time bank-to-bank account transfers (from customer bank account to merchant bank account) at costs lower than those currently available from credit or debit card processors. The proprietary technology incorporated into IPSIPay Express will also seek to end losses due to “friendly fraud” and substantially reduce consumer chargebacks, all of which are expected to provide significant value to merchants and operators in the online gaming and entertainment sectors.
Importantly, IPSI believes that the IPSIPay Express business should be ready for launch and could begin to generate revenue for IPSI during 2023. IPSI expects to use any revenue from IPSIPay Express to fund the continuing commercialization and development efforts for its flagship IPSIPay mobile app and for working capital.
OpenPath, headquartered in Irvine, California provides payment solutions to companies processing large volumes of online payments. Scott C. Dorey, OpenPath’s CEO, stated: “We are very pleased to partner with IPSI and eFinityPay in this promising new venture. We believe the innovative payment technology that will be at the core of IPSIPay Express will be a game changer for merchants operating in so-called “high-risk” industries like online gaming and entertainment. The IPSIPay Express account-to-account solution is in high demand by those merchants as it dramatically reduces chargebacks, processing costs and funding time for merchants. We look forward to launching IPSIPay Express to merchants on the OpenPath platform.”
eFinityPay, founded by CEO Franklin Levy and based in Los Angeles, California, specializes in delivering stable merchant processing solutions to ecommerce merchants in the online casino, sportsbook, entertainment, and video gaming businesses.
As part of the joint venture, OpenPath will market IPSIPay Express to its existing and future merchant customers; eFinityPay will be responsible for developing and incorporating the online payment technology into IPSIPay Express as well as marketing to its substantial network or merchants in the targeted fields; and IPSI will be responsible for providing banking contacts to IPSIPay Express as well as potential access to new capital to support the IPSIPay Express business. IPSI is eligible to receive up to one-third interest in IPSIPay Express by contributing up to $1.5 million of capital to the joint venture by the end of this year.
William Corbett, IPSI’s Chairman and CEO commented, “We are excited by the new opportunities IPSIPay Express will provide for us. We believe this joint venture has the potential to diversify our revenue channels and provide payment solutions to an online gaming and entertainment segment that is growing and generating tens of billions of dollars in revenue annually. The IPSIPay Express alternative payment platform, combined with OpenPath and eFinityPay’s considerable experience and relationships with the biggest merchants in the gaming and entertainment industries, should help drive growth at IPSIPay Express. In addition, IPSIPay Express will provide a simple, secure, and easy to use payment experience. We anticipate this will enable the Joint Venture to gain wide acceptance by online merchants and their customers. This new venture with experienced partners, will expedite our path to revenue, and allow us to drive the continuing launch and development of our flagship IPSIPay app.”
Additional details about the joint venture will be provided in a Current Report on Form 8-K to be filed by IPSI with the U.S. Securities and Exchange Commission.
I noticed some buying over last few days - someone knows something we don't? Given it's been months since their last press, maybe something is coming?
Looking good..like Mrge,lfap and tlss.. keep pumping while mommy plays lawyer..asshole
this has been really tough as have a number of other pennies. Picked up 100K at .008 today as part of bottom fishing.
and I am not saying that todays double is taking off by any means, but it certainly could be construed as such. A penny was a steal, glad I was accumulating down there.
the boyz from carmel by the sea issue shareholder letter
this is absolutely fantastic, they have so much going on it's dizzying. When this takes off, people will be so caught off guard it wont even be funny.
Innovative Payment Solutions Recaps 2022 Accomplishments and Provides 2023 Goals in CEO Letter to Shareholders
CARMEL BY THE SEA, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc.(IPSI) , a fintech provider of digital payment and other solutions to both consumers and businesses, today has provided shareholders with an update on its corporate accomplishments and business development plans in a shareholder letter from Chairman of the Board and Chief Executive Officer William Corbett.
Dear Fellow Shareholders:
On behalf of our entire organization, we hope you had an enjoyable holiday season and are off to a healthy, happy and successful New Year!
2022 Sets the Stage for the Future of IPSI
2022 was a year of many significant milestones for Innovative Payment Solutions(IPSI), as we worked to set the stage to meet our key corporate objectives – driving revenue and shareholder value growth.
Most importantly, we launched our IPSIPay® and Beyond Wallet apps and are beginning to see customer downloads and usage, notable with IPSIPay. Our cutting-edge apps provide safe, secure, and convenient ways to send money around the world, with our IPSIPay launch strategy initially focusing on the underbanked and underserved immigrant communities in the United States. Leveraging our robust technology infrastructure developed with third party vendors, these two novel platforms allow us to incorporate stringent compliance features (including KYC (know your customer) and AML (anti-money laundering)) for onboarding of customers. This has enabled us to partner during 2022 with key third parties that drive the core functionality of our apps and has also allowed us to begin to expand our product offerings beyond money remittance into exciting other verticals.
Our collaboration with Metropolitan Bank in New York City enables us to issue debit Visa cards to our customers with 5 companion cards for family members. This allows them to send money from their digital wallet to debit Visa cards for free, giving them access to their money wherever Visa is accepted around the world, including ATM’s.
In September, we announced the completion of the full integration of IPSIPay with key back-end payment processing infrastructure through our commercial partners. This major achievement allows IPSIPay users the ability to easily transfer money and make payments through the IPSIPay app throughout all 50 U.S. states (including our core market in California) as well as five continents for receipt at more than 215,000 payment locations.
The upcoming addition of Druid Artificial Intelligence technology through a collaboration we announced in August will allow us to save money and better address customer service while making it easier to use our app with voice and retina recognition.
Our collaboration with Walmart Health Virtual Care (formally known as MeMD),which we announced in October, is an example of a value-added product that allows our customers to have access to telemedicine via IPSIPay.
Also, I am pleased to announce that we have initiated e-commerce collaborations that will grant IPSIPay users with access to providers like Best Buy and Groupon.
To drive our IPSIPay marketing strategy, in July IPSI entered into an agreement with the host of NBC’s award-winning Access Hollywood, producer, and actor Mario Lopez to become our global brand ambassador. As a son of immigrants, Mario shares our commitment to help the underbanked and underserved communities especially in his families native Mexico. National Positions, a Southern California award winning digital marketing company, launched our digital marketing campaign for IPSIPay. I am very proud to announce that our market penetration for IPSI has grown from 10,000 downloads and 1,200 active users in October to 34,000 downloads and 2,100 users at year end. We define an “active user” as a customer who downloads our app and processes at least one transaction via the app.
State of the Union for 2023 with Emerging Opportunities
We believe the money remittance business is changing after 50 years of an industry controlled by a very small number of large corporations. According to publicly available data from Statista, total global remittance payments are estimated to reach over $750 billion in 2023, and for the first time digital payments are estimated to exceed non-digital payments in 2023. We believe we are positioned to take advantage of this sea change with our applications while also emphasizing our humanitarian theme by focusing on the unbanked and underserved. Our ability to capture even a fraction of this massive global market represents our largest value proposition.
To capitalize on this opportunity, I can also announce that we are working with our technology partners on IPSIPay 2.0. This new and upgraded app with the latest technological advances should be released in the second quarter of this year. We also expect to announce during 2023 the addition of check capture, allowing IPSIPay users the ability to take a picture of their paycheck and have it immediately deposited into their IPSIPay wallet.
We are also creating an ecosystem that enables our business-to-business and business-to-consumer customers to move money, retain customers, and offer the cost savings, convenience and instant settlement that is associated with digital payments. In another new development, during the first quarter of 2023, we expect to file an application with the Government of Mexico for our Mexican MTO (money transmitting organization) which, if approved, will allow us to capture exchange rates, issue Visa and Mastercard debit cards and provide our services as an agent to companies in the U.S. looking to reach millions of customers in Mexico. Our Mexican MTO will also have the ability to move money in Mexico for Mexicans sending money to family and friends within the country. We believe our Mexican MTO will give us tremendous leverage in pricing our remittances to Mexico and better margins in sending money to Mexico.
Finally, to expand our offerings, in 2023 we plan on releasing Beyond Agro, a SAAS product which will allow agriculture companies to better manage their farms while saving money each week by paying their employees through our corporate wallet instead of the issuing costly checks to each employee. As a compliment to IPSIPay, this will allow agricultural company employees to send money home instantly instead of having the inconvenience and costs associated with cashing checks and traveling to a brick-and-mortar funds remitter.
We are also committed to exploring the use of the KYC and AML-focused technology at the core of our apps to be used in other verticals such as the large and growing mobile gaming industry.
I am proud of our accomplishments and look forward to continued execution on all fronts, and I look forward to providing updates on our continued progress.
On behalf of our Board of Directors and management team, we truly appreciate your support, and are looking forward to great things in 2023.
Sincerely,
William Corbett
Chairman & Chief Executive Officer
I’m not messing with otc anymore, nothin but Lowe’s HD Toyota Nucor steel on my Roth
I did see it and I dont like that they reset the price to 1.1 cents which is infuriating. I so think it will run as they start to put news out, they have a lot going on I believe more than they might be saying, but probably need to time their news. At this price though I am bullish and surprised the price came down this far. I have had to trade it a lot to keep my average low but still, that's a lot of work to do for what - the stock trading at a penny, disgraceful really.
Did you see the 8k? Do you honestly believe this will pump to .04 ever again?
Price action on this extended pullback is a fantastic opportunity to buy which I have taken advantage especially down at these prices. We should be back above 2 cents with or without news.
Saw him make a cool vid for IPSIPay on TikTok during a self defense class. With the open borders and millions of illegals pouring in, IPSI seems like a no brainer here…
2023 should be lit!
GLTU - GLTA - WIC
What’s the problem over here? I thought when they announced ipsi pay in all 50 states the stock was supposed to rip. Stock looks broken. Like junk.
We've had a fantastic opportunity to buy in on this extended pullback, hope people are taking advantage of it. People are using the app and the more organic advertising is starting to work per this last press release.
Innovative Payment Solutions Announces Availability of MeMD Telemedicine Offering through its IPSIPay® App
10/11/22 9:15 AM
CARMEL BY THE SEA, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB:IPSI) (“IPSI” or the “Company”), a fintech provider of digital payment and other solutions to both business owners and consumers, today announces the availability of MeMD (also known as Walmart Health Virtual Care), providing a comprehensive telemedicine offering via the Company’s IPSIPay® app.
Founded in 2010 and acquired by Walmart in 2021, MeMD is a leading provider of around-the-clock telemedicine and mental health care services with five million users nationwide. IPSIPay® mobile app users will now have access to highly qualified, licensed healthcare providers using MeMD to address their healthcare needs in a thorough, expedited, and privacy compliant manner. MeMD services can help address many common medical issues, as well as remote access behavioral health services for emotional and mental health concerns. Its offerings include urgent care, men’s health, women’s health, talk therapy, teen therapy and psychiatry.
William Corbett, IPSI’s Chairman and Chief Executive Officer, commented "The MeMD telemedicine platform is an important addition to the offerings on our IPSIPay® app as it provides our users with access to quality healthcare services in a manner that is fast, convenient, cost effective, and privacy compliant. As we focus on the needs of the unbanked and underserved who often lack access to the types of solutions we offer, this telemedicine offering is an important service that has the potential to improve the quality of life of users in our target market. We also believe it will continue to solidify the utility of IPSIPay® for these users as a one-stop resource to access many of their daily needs.”
like taking candy from a baby, getting some great fills down here under 3 cents, fantastic!!!
Innovative Payment Solutions Announces Full Global Availability of IPSIPay™ App Providing Users the Capability to Send Money to Five Continents at Over 215,000 Pickup Locations Throughout the World IPSI Now Approved to Send Remittances from All 50 U.S. States
CARMEL BY THE SEA, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions(IPSI), Inc. (“IPSI” or the “Company”), a fintech provider of digital payment solutions to both business owners and consumers, announced today that it has completed the key integration of its IPSIPay mobile application and back-end payment processing infrastructure through its commercial partners.
This major achievement allows IPSIPay users the ability to easily transfer money and make payments through the IPSIPay app throughout five continents for receipt at more than 215,000 payment locations and accelerates the full commercial launch of IPSIPay that began earlier this year.
This milestone comes on the heels of IPSI’s recent receipt of approval from the State of California to send remittances throughout the world, which was the only state in the continental United States from which IPSI was still awaiting approval. The California approval is of particular significance, as California represents the largest state in the United States with annual remittances to Mexico valued at as much as $16.3 billion dollars according to The Wilson Center, accounting for over one-third of all remittances sent to Mexico from the United States. Based on Trading Economics remittance data, the total Mexican remittance market for the past year has been over $55 billion. IPSI’s commercial launch strategy for IPSIPay includes targeting the unbanked and underserved migrant community in California and elsewhere.
Further, these events solidify the opportunity for IPSIPay users anywhere in the continental United States to easily send money from the IPSIPay app directly to Mexico, or to load a VISA card associated with that account. That VISA card can then be used with no additional fee by the cardholder anywhere that VISA is accepted, including ATM withdrawals for a transaction fee.
With these key developments achieved, IPSI now plans to expand its existing marketing programs for IPSIPay to increase downloads and the number of regular users of the app, all with the goal of driving revenue growth for IPSI.
William Corbett, IPSI’s Chairman and Chief Executive Officer, commented, "Our company has achieved critical milestones as these developments accelerate the full commercial launch of IPSIPay, which now enables users of our IPSIPay app to easily send money not only to Mexico, but across five continents, significantly expanding our addressable market. Moreover, the approval in our key market of California allows the unbanked and underserved population in California – as well as that in the entire continental U.S. – with the ability to send remittances to their families in Mexico, while also allowing those recipients with instant access to the money through the IPSIPay VISA card at any location that takes VISA, including ATMs to withdraw cash.
“During the past year, we have made significant progress in the preparation of our remittance solutions through our back-end partners to cater to the unbanked and underserved. Early this year, we launched the IPSIPay app which provides the ability for users to send remittances to Mexico directly through their phones. Through various collaboration, we have also secured the ability for users of our app to obtain a VISA Debit Card, enabling them to access funds through ATMs anywhere in the world where VISA is accepted. Most recently, we entered into a collaboration with DRUID, a conversational AI technology provider, which we expect will enhance the IPSIPay user experience by using voice commands to make transactions and various other functions.
“With the largest state in the country now approved to make remittances to Mexico, our robust app and infrastructure puts us in a strong position to aggressively bring users to our platform. In addition to the completion of the California approval and global integration, we have recently signed an exclusive endorsement agreement with TV personality, actor, and humanitarian Mario Lopez to help us build awareness among the Latino community while initiating a digital marketing campaign.
“While our primary focus is towards the unbanked and underserved, our capabilities and technologies provide a competitive platform that is convenient, cost effective, fast, and secure, resulting in a competitive money transfer that can be used by the general population. We are in the early stages of bringing additional offerings to the unbanked and underserved through our platform that are currently unavailable as well as our competitive money transfer solution to the general population. With these milestones achieved, we look forward to scaling our business and bringing value to our shareholders,” concluded Mr. Corbett.
About Innovative Payment Solutions, Inc.(IPSI)
Innovative Payment Solutions, Inc. (IPSI) is a cutting-edge provider of digital payment solutions for consumers and service providers, focusing on the needs of the unbanked and underbanked. Through its IPSIPay™ app and Beyond Wallet offerings, IPSI facilitates instantaneous cross-border remittances by companies and individuals, using its robust technology platform to enable digital transactions that are convenient, cost effective, fast, and secure. IPSIPay™ app users are able to acquire VISA debit cards, as well as obtain a bank account at a major U.S. institution, enabling them to execute financial transactions through the Company’s large, worldwide merchant network.
To learn more about Innovative Payment Solutions, Inc.(IPSI), please visit www.ipsipay.com.
Lmao, obviously you didn't read the board or couldn't see it .
Pump? Nobody is posting/pumping and the stock closed UP 12.7% (NO dump).
Wrong stock droopy.
This stock is awesome. Peeps are sleeping.
Still waiting for .002? LMAO
Watch Mario Lopez explain the process: https://www.ipsipay.com/
low volume phase
10-Q out !
Our cash position is dwindling, hopefully we can stretch things out
SUBSEQUENT EVENTS
Effective July 8, 2022 the Company entered into an Endorsement Agreement with Pez-Mar, Inc., a California corporation to furnish the services of Mario Lopez (“Lopez”). Pursuant to the Endorsement Agreement, Lopez will act as a Company spokesperson in connection with the promotion, advertisement and endorsement of the Company’s physical and virtual payment processing and money remittance business and the Company’s related products and services.
The Endorsement Agreement has a term of two (2) years from the Effective Date, which is subject to earlier termination on customary terms and conditions. The parties have agreed to certain deliverables of Lopez during the term of the agreement, including with respect to social media posts, television commercials, interviews and photo shoots. The Endorsement Agreement also contains other customary terms, covenants and conditions, including representations and warranties, restrictions on endorsements of competitive products during the Term, confidentiality, indemnification, and Lender and Lopez’s independent contractor status.
As compensation for the Services, Lopez or their designees will be paid the following: (i) a cash endorsement fee of Three Hundred Thousand U.S. Dollars ($300,000 USD), payable as follows: (i) One Hundred Twenty-Five Thousand Dollars ($125,000) upon execution of the Endorsement Agreement, (ii) One Hundred Twenty-Five Thousand Dollars ($125,000) quarterly during the Term, beginning on the 90th day following the Effective Date, and (iii) Fifty Thousand Dollars ($50,000) on or prior to the first anniversary of the Effective Date and (ii) warrants exercisable for an aggregate of Fifteen Million (15,000,000) shares of the common stock of the Company at an exercise price of $0.0345 per Share. The Warrants shall have a three-year term commencing from the Effective Date. The right to exercise the Warrants shall be subject to vesting during the Term but shall vest in full upon the consummation of a fundamental transaction involving the Company or upon certain termination events provided for in the Endorsement Agreement. The Exercise Price may be payable via “cashless exercise”, unless the underlying Shares are registered under an effective registration statement under the Securities Act of 1933, as amended. The Shares are subject to certain “piggyback” registration rights.
On July 8, 2022, the Company entered into a consulting agreement with a contractor for a period of twelve months to (i) review the Company’s business plan; (ii) analyze and assess the Company’s revenues, costs, and cash flow; and (iii) introduce the Company to and interface on the Company’s behalf with potential and actual commercial partners. The Company issued 2,000,000 shares of common stock as compensation for the services rendered which were fully earned on the date of issue. In addition, the contractor will receive a monthly fee of $3,000 for the term of the Agreement, commencing on August 1, 2022.
On July 8, 2022, the Company entered into a second consulting agreement with a separate contractor for a period of twelve months to (i) review the Company’s business plan; (ii) analyze and assess the Company’s revenues, costs, and cash flow; and (iii) introduce the Company to and interface on the Company’s behalf with potential and actual commercial partners. The Company issued 2,000,000 shares of common stock as compensation for the services rendered which were fully earned on the date of issue.
On July 11, 2022, the Board approved the issuance of 15,000,000 incentive stock options to William Corbett, the Company’s Chairman and Chief Executive Officer, and 2,000,000 shares of common stock to Richard Rosenblum, the Company’s President and Chief Financial Officer.
On August 5, 2022, the Board approved the issuance of 3,000,000 shares of common stock to Samad Harake or his designees, Mr. Harake is the president of Frictionless Financial Technologies Inc.
Other than the above, the Company has evaluated subsequent events through the date the financial statements were issued, and did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.
The retail seller (ETRF) @ .0571 is a douche. Break up your order amateur.
monthly chart is a weiner
Correction, .0075 to 2 cent range, I was off by a decimal, sort of makes a difference.
Having bought too much in the .075 to 2 cent range, I am making sure to take off the table to lock in profits. Where do I expect this to go, honestly I just dont know. I'd like to see some reporting of how the social media is going with Lopez, but also are they trying to buy customers other ways, are people sending money to mexico, etc., I just dont know. If we get a pullback significant enough I may reload a little, but remember as your value goes up every penny, the risk goes up too, we just dont know whats going to happen in this market, but the market of sending money to Mexico on the cheap, that should be a very lucrative market for IPSI to just devour. If they are not successful, then that's on them, not accepting any excuses for not being successful
IPSI not a bad week at all, maybe dimes in near future here
Zoom Zoom! And aBoom Boom! $IPSI
Hah! I’m gonna need more than beer money here!
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