Innovative Payment Solutions, Inc. (IPSI) Announces First Revenue from Astria Insurance Solutions Inc., Marking Initial Monetization of Insurance Platform Strategy

Rhea-AI Summary

Innovative Payment Solutions (OTC: IPSI) announced that its subsidiary Astria Insurance Solutions generated its first revenue following an early-March 2026 launch and expects a first SaaS payment to post in the first week of April 2026. IPSI also appointed Jackie Martine as VP of Payment Solutions Products to scale fintech and payments offerings, including neobank, open banking, earned-wage access, micro-loans, and A2A instant payments as part of its integrated insurance and financial services platform.

LAS VEGAS, March 31, 2026 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTC: IPSI) (“IPSI” or the “Company”) today announced that its wholly owned subsidiary, Astria Insurance Solutions Inc. (“AIS”), has reached a key milestone with the generation of its first revenue under its previously announced Marketing & Services Agreement (“MSA”).

Following the successful launch of AIS’s insurance marketing platform and services earlier in March 2026, the Company confirms that initial sales have been completed and revenue has been generated. AIS is now expecting to receive its first Software as a Service (“SaaS”) revenue payment, which is anticipated to be deposited into AIS’s account during the first week of April 2026.

This milestone represents the first recorded revenue for AIS and marks the beginning of IPSI’s monetization phase within the insurance sector.

In parallel with this milestone, IPSI announced the appointment of Jackie Martine as VP of Payment Solutions Products, further strengthening the Company’s leadership as it scales its fintech and payments ecosystem.

Ms. Martine brings over 20 years of experience in the industry including 6 years with Worldpay, where she managed a division of Independent Sales Organization (ISO) and developed an extensive network of merchants.

In her new role, she will lead IPSI’s payment product strategy and work closely with key partners, like www.Payzli.com and other payment solution providers and banks.

Under her leadership, IPSI will expand its offering of financial products and services, including: Neobank and OpenBanking solutions, Salary advance and earned wage access programs, Gaming and sports betting. Micro-loans and consumer lending products, Consumer financial services marketplace.

Many of these products are expected to incorporate instant payments and account-to-account (A2A) capabilities, aligning with IPSI’s strategy to deliver fast, flexible, and modern financial infrastructure.

”Jackie allows us to accelerate the rollout of high-value payment products,” said Bill Corbett, CEO of IPSI. “We are now fully aligned with our payment solutions partners, and their partner banks. At the same time, bringing in experienced leadership. This is about building multiple revenue streams that work together.”

AIS was formed as part of IPSI’s broader strategy to build a fully integrated insurance and financial services platform combining insurance distribution, advanced payment infrastructure, and next-generation financial products. Through its current agreements and ongoing initiatives, AIS is positioned to scale operations through increased marketing activity.

“We moved from formation to launch, and now to revenue,” said Bill Corbett, CEO of IPSI. “This is not theoretical anymore we are generating sales. Our focus now is scaling volume, expanding licensing, and accelerating growth across the platform.”

About Innovative Payment Solutions, Inc. (IPSI)

Innovative Payment Solutions, Inc. (OTC: IPSI) is a provider of merchant processing, digital payment solutions, and financial technology services. The Company is focused on delivering modern payment infrastructure across credit, debit, real-time bank-to-bank transfers, and cryptocurrency payment rails. IPSI is actively expanding its ecosystem through strategic partnerships and subsidiaries, including Astria Insurance Solutions Inc., to deliver integrated financial and insurance-related services to merchants and consumers.

Safe Harbor Statement

^{This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, expectations regarding revenue timing, future growth, licensing, product development, partnerships, and market expansion. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, delays in payment receipt, regulatory approvals, licensing requirements, market conditions, operational execution, and other factors described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements except as required by law.}

Contact Information

Innovative Payment Solutions, Inc.
Email: info@ipsipay.com
Website: https://www.ipsipay.com
Phone: +1-707-609-4797

FAQ

What does IPSI's March 31, 2026 announcement mean for Astria Insurance Solutions (IPSI)?

It confirms Astria Insurance Solutions has generated its first revenue, marking initial monetization of the insurance platform. According to the company, AIS launched in March 2026 and expects a first SaaS payment to deposit in the first week of April 2026 as it scales marketing.

When will Astria Insurance Solutions receive its first SaaS payment under IPSI (IPSI)?

AIS expects the first SaaS payment to be deposited in the first week of April 2026. According to the company, initial sales were completed after the March 2026 launch and the payment will be recorded as AIS's first revenue as it moves to monetization.

Who is Jackie Martine and what will she do as VP of Payment Solutions Products at IPSI (IPSI)?

Jackie Martine joins as VP of Payment Solutions Products to lead payment product strategy and partner relationships. According to the company, she brings over 20 years' experience, including six years at Worldpay, and will expand neobank, A2A, earned-wage access, and lending offerings.

How does IPSI plan to expand its financial products after the AIS revenue milestone (IPSI)?

IPSI plans to expand offerings including neobank, open banking, salary advance, gaming payments, micro-loans, and a consumer financial marketplace. According to the company, many products will incorporate instant and account-to-account payments aligned with its modern financial infrastructure strategy.

Does the March 31, 2026 announcement provide revenue figures for Astria or IPSI (IPSI)?

No specific revenue amounts were disclosed in the announcement; it confirms initial sales and upcoming SaaS payment only. According to the company, AIS has recorded its first revenue event but financial amounts and recurring cadence were not provided.

What are IPSI's stated next steps after AIS moved from launch to revenue (IPSI)?

IPSI says the focus is on scaling volume, expanding licensing, and accelerating platform growth following the first sales. According to the company, efforts will emphasize increased marketing activity and deeper alignment with payment partners and partner banks to build multiple revenue streams.