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, Inc. (OTCQB: IPSI) has signed a Service Agreement with Red Efectiva, a leading payment processing company in Mexico. This partnership aims to enhance Innovative's foothold in Mexico while providing financial services to underserved customers in both the US and Mexico. The digital payments market in Mexico is rapidly expanding, with expected growth rates of 20.1% annually leading to nearly $28.5 billion by 2023. The CTO, Andrey Novikov, emphasized the opportunity to broaden the IPSIPay ecosystem, making financial services more inclusive and affordable.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) has announced its participation in the virtual H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. CEO William Corbett will present an overview of the company’s digital payment platform, IPSIPay™, aimed at providing innovative payment solutions. Investors can access the presentation at 7:00 A.M. ET through provided links. This conference features over 30 corporate presentations and is a significant opportunity for the company to showcase its fintech developments.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) announced its Board of Directors has voted to uplist the company's shares to NASDAQ. CEO William Corbett highlighted milestones achieved in the past year, including eliminating toxic debt and raising significant capital. The upcoming launch of their universal digital marketplace platform aims to enhance shareholder value and increase visibility in the digital payment sector. The company aims to offer multiple payment methods via self-service kiosks, mobile apps, and POS terminals.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) has successfully closed a private placement offering, raising approximately $4.55 million through the sale of 30,333,334 shares and warrants for $0.15 each. The warrants permit the purchase of an additional 15,166,667 shares at the same price and are valid for five years. The funds will primarily support the development of the IPSIPay digital payment platform and for general corporate needs. The securities sold were not registered under the Securities Act, limiting their resale in the U.S.
Innovative Payment Solutions (OTCQB: IPSI) announced a securities purchase agreement to sell 30,333,334 shares of common stock and warrants for a total of approximately $4.55 million. The offering price is set at $0.15 per share, with warrants exercisable at the same price. Proceeds will be used for technology development, marketing, working capital, and general corporate purposes. The offering is expected to close around March 16, 2021. This private placement will not be publicly offered and must comply with federal and state securities regulations.
Innovative Payment Solutions, Inc (OTCQB: IPSI) has successfully raised $950,000, bringing its total cash balance to approximately $4 million. This funding is expected to enhance the company's flexibility in executing its business model and strategic planning for 2021. The capital raise is linked to financial terms that allow the company to call warrants if its stock price maintains a closing value of $0.15 for ten consecutive days. CEO William Corbett expressed optimism about leveraging this capital for future growth.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) has inked a Service Agreement with Interface Investment Capital, LLC to provide financial services to the agricultural sector in California. The agreement enables the integration of IPSIPay with IIC's payroll system, offering payroll debit cards and cross-border payments. California's agriculture employs over 422,000 workers and generates more than $45 billion in sales. The deal aims to enhance financial services for unbanked communities, marking a significant milestone for Innovative. CEO William Corbett expressed optimism about expanding IPSIPay's reach.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) has made significant strides in early 2021, raising $2 million in capital at $0.23 per share and reporting a cash balance of approximately $3 million. The repayment of toxic debt aims to enhance shareholder value. A commitment of $5 million from institutional investor Bellridge Capital, LP, will support the liquidity and settlement of IPSIPay Stable Coin. The company has also hired in-house legal counsel to navigate regulatory changes, furthering its mission to serve unbanked and underbanked customers.
Innovative Payment Solutions (OTCQB: IPSI) has raised $2 million at 23 cents per share, which will be allocated for general purposes, marketing, and technology investment. This follows a prior funding round of $600,000 at 4.5 cents per share, which the company aims to repurchase with the new funds. CEO William Corbett emphasizes the goal of establishing the company as a leading digital payment provider, focusing on small businesses and underserved consumers. The press release also includes a forward-looking statement regarding future growth and market potential.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) has signed a term sheet with an institutional investor for funding between $1 million and $5 million, aimed at supporting the issuance of IPSI Stable Coin. This investment validates the company's business model and is expected to enhance their digital payment solution, IPSIPay, which targets unbanked and underbanked communities. CEO William Corbett highlighted the significance of the Office of the Comptroller of the Currency’s recent approval for stable coin banking as a major opportunity for growth in the digital payment market.