Innovative Payment Solutions Inc Stock Price, News & Analysis

Innovative Payment Solutions, Inc. (OTCQB: IPSI) is transforming its digital payment services, focusing on unbanked populations in the U.S. to facilitate remittances. The company raised $8 million to enhance its technology, including a majority stake acquisition of Beyond Wallet, which will expand its remittance capabilities. IPSI’s target market represents significant growth potential, given the global remittance volume is estimated at $714 billion this year. Future plans include launching the IPSIPay App and establishing partnerships to broaden service offerings in key markets like Mexico, India, and the Philippines.

Innovative Payment Solutions, Inc. (OTCQB: IPSI) has announced the soft launch of its new e-wallet app, Beyond Wallet, through its subsidiary Beyond Fintech, Inc. This app will enable cash transfers from the U.S. to Mexico, tapping into the $43 billion remittance market. CEO William Corbett stated that this marks a significant milestone in the company's strategy to enter major remittance markets, including India and the Philippines. The Beyond Wallet aims to modernize electronic payments while reducing costs for underserved populations. The app is available on major app stores.

Innovative Payment Solutions, Inc. (OTCQB:IPSI) will present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference from September 13-15, 2021. CEO William Corbett will provide a business overview. Investors can join the presentation online starting September 13 at 7:00 AM EST, with an archived version available for 90 days. The conference will feature over 750 corporate presentations. Innovative Payment Solutions focuses on offering advanced digital payment solutions, including self-service kiosks and mobile applications.

Innovative Payment Solutions (OTCQB: IPSI) announced a strategic partnership with BC Remittance Limited, enabling low-cost electronic money transfers to the Philippines. This collaboration aims to enhance IPSIPay's capabilities in the growing remittance market, valued at $35 billion annually. BC Remit, an Authorized Payment Institution, offers competitive transfer fees around 1%, significantly lower than traditional providers. CEO William Corbett highlighted this partnership as a critical step in expanding IPSI's market share and facilitating customer transactions through a proprietary E-wallet.

Innovative Payment Solutions, Inc. (OTCQB: IPSI) is set to present at the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually from September 13–15, 2021. CEO William Corbett's presentation will be accessible from September 13 at 7:00 AM ET, with one-on-one meetings available throughout the event. The company aims to revolutionize digital payments through its IPSIPay platform, integrating self-service kiosks, mobile apps, and POS terminals to enhance consumer and service provider experiences. For more information, investors can register for the conference online.

Innovative Payment Solutions, Inc. (OTCQB: IPSI) has announced a revision to its proxy statement, proposing a reverse stock split. This split will exchange one share for a range of two to 30 shares, with the final ratio to be determined by the Board of Directors. The filing has been submitted to the SEC.

Innovative Payment Solutions focuses on creating a comprehensive digital payment platform known as IPSIPay, targeting diverse payment needs through various devices including kiosks and mobile applications.

Innovative Payment Solutions, Inc. (OTCQB: IPSI), a fintech company, has engaged CORE IR for investor and public relations to boost market awareness and communicate its business model effectively. CEO William Corbett stated that CORE IR's strategies would help attract both institutional and retail investors. The partnership aims to expand the company's reach and improve engagement within investment communities, focusing on Innovative's unique digital payment solutions ecosystem which encompasses self-service kiosks, mobile apps, and POS terminals.

Innovative Payment Solutions, Inc. (OTCQB: IPSI) has appointed Richard Rosenblum as its new President and Chief Financial Officer. Rosenblum brings extensive experience in financial services, capital markets, and technology. His leadership is expected to play a crucial role in the final stages and rollout of the company's digital payment platform, IPSIPay. CEO William Corbett expressed confidence in Rosenblum’s background in emerging growth companies, which aligns well with the company’s future plans for its payment processing system.

Innovative Payment Solutions, Inc. (OTCQB: IPSI) announced its acquisition of a 10% stake in Frictionless Financial Technologies, Inc. This strategic investment aims to enhance the development of IPSIPay™, its digital payment platform, and facilitate the rollout of an all-in-one solution for global payments targeted at unbanked and underbanked populations. CEO William Corbett believes this partnership will accelerate the late-stage development of their digital platform, expected to launch later this summer.