Innovative Payment Solutions, Inc. IPSI

What this company does

We are a provider of digital payment solutions and services to businesses and consumers. The Company is currently a fintech provider of digital payment solutions presently focused on, through its participation in joint ventures, to exploit underserved markets and provide sophisticated credit card processing services. On August 26, 2021, we formed a new subsidiary, Beyond Fintech to acquire a product known as Beyond Wallet from a third party, together with the logo, use of name and implementation of the product into our technology. We own 51% of Beyond Fintech with the other 49% owned by Frictionless. On September 5, 2023, the Company entered into a novation agreement whereby it assigned all its rights and interest in its e-wallet product, IPSIPay, and its receivables and payables due from and to Frictionless, related to IPSIPay, to a third party in order to concentrate all of its efforts on the IPSIPay Express joint venture. As of December 31, 2025, we had 1 full time employee, our Chief Executive Officer and our President and Chief Financial Officer and 1 part-time consultant.

Written from the business description in Innovative Payment Solutions, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.