Welcome to our dedicated page for Innovative Payment Solutions news (Ticker: IPSI), a resource for investors and traders seeking the latest updates and insights on Innovative Payment Solutions stock.
Innovative Payment Solutions, Inc. (IPSI) is a Nevada-based fintech and digital payments company whose news flow centers on real-time payments, cross-border remittances, and crypto-enabled financial technology. IPSI trades on the OTCQB Venture Market under the symbol IPSI, and its announcements provide insight into how the company is building out its payment infrastructure, partnerships, and target verticals.
Recent IPSI news highlights the launch of a full-spectrum payments platform covering credit, debit, ACH, real-time bank-to-bank transfers, and regulated crypto rails. The company has detailed commercial deployment steps, integrations with partners such as Payzli, PayzliPlus/Brant Point Solutions, and TabaPay, and initiatives to support omnichannel merchant processing with real-time settlement and instant payouts.
Another major theme in IPSI’s news is its expansion into crypto payments and digital assets. The IPSI Crypto Payments Platform is described as enabling operators in sectors like online gaming, iGaming, and sportsbook to accept selected cryptocurrencies and stablecoins with automatic conversion to fiat currencies. IPSI has also announced plans for crypto-enabled point-of-sale systems and potential crypto-linked card issuance, as well as a partnership with Bullet Blockchain to facilitate Bitcoin ATM-powered remittances to Mexico.
In addition, IPSI’s news covers corporate strategy and structural developments, including the IPSI 2.0 initiative focused on AI-driven financial tools for underserved consumers, the formation of Astria Insurance Solutions Inc. to enter insurance marketing and premium finance, and the creation of a joint venture with Brant Point Solutions (PayzliPlus) to target gaming, sportsbook, and casino entertainment markets. Investors and observers can use the IPSI news page to follow updates on product launches, partnerships, regulatory filings, and strategic shifts as the company develops its payment and fintech ecosystem.
Innovative Payment Solutions (OTCQB:IPSI) and Business Warrior (OTC:BZWR) have signed a definitive merger agreement. IPSI will acquire 100% of BZWR, with BZWR stockholders receiving 45% of the outstanding post-closing shares of IPSI common stock. The merger aims to combine IPSI's revolutionary payment technology, IPSIPay Express, with BZWR's PayPlan cloud-based lending platform. Key transaction terms include:
1. Convertible note recapitalization
2. Conversion of BZWR securities
3. Formation of a new five-member board
4. Customary closing conditions, including stockholder approval
The merger is expected to bring immediate cost efficiencies, a stronger executive team, and increased revenue generation potential. IPSI's payment technology aims to revolutionize medium and high-risk processing sectors, while BZWR's PayPlan offers lenders customizable loan management solutions.
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Innovative Payment Solutions (OTCQB:IPSI) reported significant growth in the fourth quarter of 2022, notably in IPSIPay downloads and active users. The company aims to enhance revenue and shareholder value through new initiatives in 2023.
In December 2022, IPSI achieved 34,000 downloads and 2,100 active users, an increase from 10,000 downloads and 1,200 users in October. Key partnerships, including collaborations with Metropolitan Bank and Walmart Health, expanded IPSIPay's functionalities, including offering debit cards and telemedicine access.
Looking ahead, IPSI plans to launch IPSIPay 2.0 and apply for a Mexican money transmitting organization license, potentially enhancing market reach in Mexico.
Innovative Payment Solutions, Inc. (OTCQB:IPSI) achieved significant milestones in its marketing campaign for the IPSIPay® App, launching in August. The company recorded 10,000 downloads, with 1,200 active users making transactions. Targeting unbanked and underserved communities, these efforts are supported by a collaboration with Mario Lopez. Despite early revenue being minimal, management is optimistic about future growth and user engagement as the campaign develops, focusing on generating fees from money transfers and debit card usage.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) will present a corporate overview at the LD Micro Main Event XV from October 25-27, 2022, at Luxe Sunset Boulevard Hotel, Los Angeles. CEO William Corbett and CFO Richard Rosenblum will discuss the ongoing development and commercialization of the IPSIPay® app and other initiatives. Interested parties can register for the presentation and one-on-one meetings via the provided portal. IPSI focuses on digital payment solutions, particularly for the underserved, facilitating cross-border transactions through its technology platform.
Innovative Payment Solutions, Inc. (OTCQB:IPSI) has announced the integration of MeMD, a telemedicine service acquired by Walmart, into its IPSIPay® app. This addition aims to provide healthcare access to unbanked and underserved communities, enhancing the app's utility. With around five million users, MeMD offers services including urgent and behavioral health care. IPSI's CEO, William Corbett, emphasized the significance of this service for improving users' quality of life.