Associated tags: VISA, IPSI, OTCQB, Online shopping, Radius Payment Solutions, COVID-19, Cryptocurrency, Ecosystem
Locations: CARMEL BY THE SEA, CA, US, ITALY, EUROPE, LOS ANGELES, MEXICO, CALIFORNIA
Retrieved on:
Wednesday, September 20, 2023
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RealTime CARMEL BY THE SEA, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSID) (“IPSI” or the “Company”), a FinTech provider of digital payment platforms, today announced the funding by IPSI of its second of three $500,000 capital contribution to IPSIPay Express, LLC (IPEX), a Joint Venture poised to redefine the landscape of digital payments in the rapidly growing sports betting, online gaming and entertainment sectors.
Key Points:
- The funding represents the second $500,000 tranche of IPSI’s $1.5 million commitment to IPEX and raises IPSI’s equity stake in IPEX from 11% to 22%.
- Instant-Settlement in RealTime positions IPEX as a potential leading payment processor for these and similar industries, promising seamless, secure, and instantaneous account-to-account transfer payments from customers to merchants.
- OpenPath specializes in providing payment solutions to companies processing large volumes of online payments, including major players like Shopify and BigCommerce.
- IPSI plays a vital role to the JV Partnership by contributing the necessary working capital and facilitating essential banking partnerships.
Retrieved on:
Wednesday, September 6, 2023
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IPEX CARMEL BY THE SEA, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a leading FinTech provider of digital payment platforms, today provided an update letter to shareholders and interested parties from Chairman and CEO William Corbett.
Key Points:
- IPSI announces assignment of IPSIPay wallets and customers and elimination of associated debts and payment obligations; Company retains rights to “IPSIPay” brand.
- CARMEL BY THE SEA, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a leading FinTech provider of digital payment platforms, today provided an update letter to shareholders and interested parties from Chairman and CEO William Corbett.
- OpenPath, headquartered in Irvine, California, provides payment solutions to companies processing large volumes of online payments.
- This means that, for now, we are exiting the IPSIPay line of business and relieving IPSI of approximately $325,000 in payment obligations.
Under FINRA rules, the Company’s common stock will be traded on the OTC Marketplace under the symbol “IPSID” on a split-adjusted basis for the first 20 trading days, after which the Company’s stock symbol will revert back to “IPSI”.
Key Points:
- Under FINRA rules, the Company’s common stock will be traded on the OTC Marketplace under the symbol “IPSID” on a split-adjusted basis for the first 20 trading days, after which the Company’s stock symbol will revert back to “IPSI”.
- The new CUSIP number for the common stock following the reverse stock split is 45783M208.
- At the Company’s 2022 Annual Meeting of Shareholders held on November 2, 2022, the Company’s shareholders approved a reverse split of the Company’s common stock in a range of between 1-for-2 and 1-for-30, with the final reverse split ratio to be determined in the sole discretion of the Company’s Board of Directors.
- The Company’s Board of Directors recently approved a final reverse split ratio of 1-for-30.
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Online shopping IPSI also reiterated its previous statements that IPEX remains on track for a third quarter launch and initial revenues.
Key Points:
- IPSI also reiterated its previous statements that IPEX remains on track for a third quarter launch and initial revenues.
- IPEX is developing an account-to-account payment application called Instant-Settlement in RealTime™, which revolutionizes frictionless payments for the online gaming and entertainment verticals.
- This innovative solution positions IPEX as a potential leading payment processor for these and similar industries, promising seamless, secure, and instantaneous account-to-account transfer payments from customers to merchants.
- The joint venture partners, IPSI, Open Path, and eFinityPay, are seasoned veterans in the payment industry, each contributing their expertise to the development of IPEX.
CARMEL BY THE SEA, Calif., June 27, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a FinTech provider of proprietary digital payment platforms that enable transfers of money by means of convenient, fast, cost effective and secure systems, today provided an update on IPSIPay Express™ (IPEX), its joint venture with payment industry veterans OpenPath and eFinityPay originally announced on May 1, 2023.
Key Points:
- CARMEL BY THE SEA, Calif., June 27, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a FinTech provider of proprietary digital payment platforms that enable transfers of money by means of convenient, fast, cost effective and secure systems, today provided an update on IPSIPay Express™ (IPEX), its joint venture with payment industry veterans OpenPath and eFinityPay originally announced on May 1, 2023.
- IPEX was formed to provide a new proprietary, real-time consumer-to-merchant payment solution called Instant-Settlement in RealTime™.
- IPEX is focused on providing payment solutions to so-called high-risk sectors such as online gaming and entertainment.
- This expansion will allow IPEX to cater to a broader range of merchants, provide comprehensive payment solutions tailored to their specific needs, and create near term revenue generating potential for IPEX.
Importantly, IPSI believes that the IPSIPay Express business should be ready for launch and could begin to generate revenue for IPSI during 2023.
Key Points:
- Importantly, IPSI believes that the IPSIPay Express business should be ready for launch and could begin to generate revenue for IPSI during 2023.
- OpenPath, headquartered in Irvine, California provides payment solutions to companies processing large volumes of online payments.
- We believe the innovative payment technology that will be at the core of IPSIPay Express will be a game changer for merchants operating in so-called “high-risk” industries like online gaming and entertainment.
- William Corbett, IPSI’s Chairman and CEO commented, “We are excited by the new opportunities IPSIPay Express will provide for us.
Retrieved on:
Thursday, January 19, 2023
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Statista CARMEL BY THE SEA, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB:IPSI) (“IPSI” or the “Company”), a fintech provider of digital payment and other solutions to both consumers and businesses, today has provided shareholders with an update on its corporate accomplishments and business development plans in a shareholder letter from Chairman of the Board and Chief Executive Officer William Corbett.
Key Points:
- CARMEL BY THE SEA, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc .
- 2022 was a year of many significant milestones for Innovative Payment Solutions, as we worked to set the stage to meet our key corporate objectives – driving revenue and shareholder value growth.
- Most importantly, we launched our IPSIPay® and Beyond Wallet apps and are beginning to see customer downloads and usage, notable with IPSIPay.
- In September, we announced the completion of the full integration of IPSIPay with key back-end payment processing infrastructure through our commercial partners.
Retrieved on:
Tuesday, October 25, 2022
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Online shopping (OTCQB:IPSI) (IPSI or the Company), a fintech provider of digital payment and other solutions to both business owners and consumers, today announces that since the initiation of its new marketing campaign in August, IPSI has achieved 10,000 downloads of its flagship IPSIPay App.
Key Points:
- (OTCQB:IPSI) (IPSI or the Company), a fintech provider of digital payment and other solutions to both business owners and consumers, today announces that since the initiation of its new marketing campaign in August, IPSI has achieved 10,000 downloads of its flagship IPSIPay App.
- Of the 10,000 downloads, 1,200 have been converted to active users with wallets, meaning the users have initiated at least one transaction via IPSIPay.
- These achievements are a demonstration of the initial results of IPSIs previously announced marketing efforts for IPSIPay targeting the unbanked and underserved migrant communities in the United States.
- Innovative Payment Solutions, Inc. (OTCQB:IPSI) is a cutting-edge provider of digital payment and other solutions for both business owners and consumers, focusing on the needs of the unbanked and underserved.
Retrieved on:
Wednesday, October 19, 2022
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Online shopping CARMEL BY THE SEA, Calif., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc .
Key Points:
- CARMEL BY THE SEA, Calif., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc .
- (OTCQB: IPSI) (IPSI or the Company), a fintech provider of digital payment and other solutions to both business owners and consumers, today announces that William Corbett, Chairman and Chief Executive Officer, and Richard Rosenblum, President and Chief Financial Officer, will present a corporate overview at the LD Micro Main Event XV.
- Innovative Payment Solutions, Inc. (OTCQB:IPSI) is a cutting-edge provider of digital payment and other solutions for both business owners and consumers, focusing on the needs of the unbanked and underserved.
- To learn more about Innovative Payment Solutions, Inc., please visit www.ipsipay.com .
Retrieved on:
Tuesday, October 11, 2022
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Online shopping CARMEL BY THE SEA, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc .
Key Points:
- CARMEL BY THE SEA, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc .
- (OTCQB:IPSI) (IPSI or the Company), a fintech provider of digital payment and other solutions to both business owners and consumers, today announces the availability of MeMD (also known as Walmart Health Virtual Care), providing a comprehensive telemedicine offering via the Companys IPSIPay app.
- IPSIPay mobile app users will now have access to highly qualified, licensed healthcare providers using MeMD to address their healthcare needs in a thorough, expedited, and privacy compliant manner.
- Innovative Payment Solutions, Inc. (OTCQB:IPSI) is a cutting-edge provider of digital payment and other solutions for both business owners and consumers, focusing on the needs of the unbanked and underserved.
