IPSI Letter to Shareholders Unveils 2.0: A Bold Reset for 2025

Rhea-AI Summary

Innovative Payment Solutions (OTCQB:IPSI) has announced IPSI 2.0, a strategic reset focused on serving the U.S.-Mexico remittance corridor. The company has undergone significant restructuring, including debt optimization, legal dispute settlement, and operational streamlining. IPSI 2.0 introduces AI-powered financial tools, blockchain integration, and cross-border remittance infrastructure targeting the $65 billion U.S.-Mexico remittance market. Key initiatives include AI-enhanced spend analysis, real-time credit scoring, smart credit cards through Mexican bank partnerships, and a microloan ecosystem. The company aims to leverage its previous success in Mexico, where it generated over $20 million in revenue, while addressing past challenges through a more focused approach to financial inclusion.

Positive

• Company has eliminated toxic convertible debt and restructured key obligations
• Successfully settled major legal dispute, removing potential liabilities
• Implemented operational streamlining resulting in reduced non-core expenditure
• Previous track record of $20 million revenue generation in Mexico market
• Strategic focus on $65 billion U.S.-Mexico remittance market opportunity
• New partnerships with Mexican banks for credit card issuance

Negative

• Previous business projections failed to materialize
• Company admits to significant past challenges
• Operating on OTC markets rather than major exchange
• Potential restructuring or divestment of IPSIPay Express division

CARMEL BY THE SEA, CA / ACCESS Newswire / June 3, 2025 / Innovative Payment Solutions, Inc. (OTCQB:IPSI) is a U.S.-based fintech company focused on delivering modern, secure, and accessible digital payment and financial solutions to underserved consumers, particularly across the U.S.-Mexico corridor. Our ecosystem integrates AI-powered tools, blockchain infrastructure, and cross-border remittance capabilities to enable financial inclusion at scale.

Dear Valued Shareholders,

I am writing to provide a transparent and strategic update on the progress and direction of Innovative Payment Solutions, Inc. Over the past two years, we have faced significant challenges. While some of our earlier projections did not come to fruition, these experiences have shaped a more focused and resilient strategy moving forward.
These lessons have crystallized a new mandate: streamline operations, execute with discipline, and deliver innovative digital financial tools to empower underserved communities.

Cleaning the Slate and Building a Stronger Foundation

• IPSIPay Express, we are looking at all available options to maximize its value and alignment with our core objectives.

• Operational Streamlining: We have reduced non-core expenditure, restructured our team, and eliminated legacy vendor relationships, resulting in a leaner, more agile organization.

• Legal Resolution: We settled a major legal dispute, removing potential liabilities and distractions.

• Debt Optimization: Toxic convertible debt has been eliminated, and key obligations have been restructured, providing a clear path for responsible future financing.

• Mission Reaffirmed: Our focus remains on delivering high-impact digital financial solutions to the underbanked, especially in the U.S.-Mexico $65 Billion a year remittance market. We are reactivating relationships in Mexico, where IPSI previously generated over $20 million in revenue, and we are well-positioned to reenter this strategic market.

Introducing IPSI 2.0: AI-Driven Financial Empowerment

We are proud to unveil IPSI 2.0, a next-generation platform focused on transforming financial access for underserved consumers in the U.S. and Mexico through smart, AI-powered tools:

• AI-Enhanced Financial Tools: Proprietary AI-driven spend analysis and real-time credit scoring to help users manage money responsibly and access credit confidently.

• Cross-Border Remittance Infrastructure: A modernized, cost-effective platform to enable secure and transparent U.S.-Mexico remittances.

• Blockchain & Crypto Integration: A decentralized, transparent, and auditable system to support compliant crypto transactions and increase trust.

• Smart Credit Cards: We are moving beyond prepaid cards. Through a partnership with a Mexican bank, we will issue low-limit credit cards tailored for underbanked users, promoting financial inclusion and credit-building.

• Microloans & Merchant Ecosystem: Collaborating with retail partners to offer embedded microloans, loyalty rewards, and value-added services for a seamless financial experience.

• Ecosystem Integration: Capitalizing on our established relationships with banks, fintech providers, and licensed money transmitter entities (MTLs) to ensure full regulatory coverage and operational scalability.

My Commitment to You

I remain steadfast in building a successful digital payment and financial solutions Company for underserved consumers that will create shareholder value. The setbacks we've endured have redefined and strengthened me and elevated my commitment to you and the project. With IPSI 2.0, we are ready to lead the next chapter in digital financial innovation.

Thank you for your continued trust and support as we pursue our mission to redefine financial access for millions across borders.

Sincerely,

William Corbett

Chief Executive Officer and Chairman

Innovative Payment Solutions, Inc.

For further updates, please visit www.ipsipay.com.

About Innovative Payment Solutions, Inc.
Innovative Payment Solutions, Inc. (OTCQB:IPSI) is a FinTech company focused on delivering cutting-edge digital payment solutions that meet the needs of unbanked and underserved communities. Its IPSIPay® App facilitates fast, secure, and affordable cross-border transactions and banking services. The Company is also a joint venture partner in IPSIPay Express, which targets the gaming and entertainment industries with real-time merchant payment processing technologies.

Media and Investor Inquiries
Email: investors@ipsipay.com

Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Innovative Payment Solutions, Inc. These statements include, but are not limited to, statements regarding our anticipated future performance, including future revenues, earnings, strategies, and operations. All statements, other than statements of historical fact, included herein are forward-looking statements.

Actual results may differ materially from those anticipated in such forward-looking statements due to various factors including: our ability to continue as a going concern, our ability to raise additional financing, the success of our business development efforts, the timing of the introduction and success of our products and services, general economic conditions, and other risks and uncertainties described in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and we undertake no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law.

SOURCE: Innovative Payment Solutions, Inc.

View the original press release on ACCESS Newswire

FAQ

What is IPSI 2.0 and how does it differ from the previous business model?

IPSI 2.0 is a next-generation platform that incorporates AI-powered financial tools, blockchain integration, and cross-border remittance infrastructure, focusing specifically on the U.S.-Mexico corridor with enhanced features like AI-driven spend analysis and real-time credit scoring.

How much revenue has IPSI previously generated in the Mexican market?

IPSI previously generated over $20 million in revenue in the Mexican market, which they are now planning to reenter with their new strategy.

What are the main features of IPSI's new financial services platform?

The platform includes AI-enhanced financial tools, cross-border remittance infrastructure, blockchain integration, smart credit cards through Mexican bank partnerships, and a microloan ecosystem with merchant partnerships.

How has IPSI addressed its previous financial challenges?

IPSI has eliminated toxic convertible debt, restructured obligations, reduced non-core expenditure, restructured their team, eliminated legacy vendor relationships, and settled major legal disputes.

What is the size of the U.S.-Mexico remittance market that IPSI is targeting?

IPSI is targeting the U.S.-Mexico remittance market, which represents a $65 billion annual opportunity.