|
Innovative Payment Solutions Inc. (OTCQB: IPSI) is a digital payment technology service company offering cutting-edge solutions for consumers and service providers. It is focused on building a 21st century payment platform based on its proprietary fintech payment architecture.
Incorporated in 2015 and headquartered in Northridge, California, the company has spent the last five years perfecting its payment platform through its operations in Mexico, which still facilitate over two million users.
IPSI’s new business structure will use the latest technology, including blockchain and an e-wallet, to provide consumers the ability to make payments worldwide. The company’s innovative ecosystem will include multiple devices, such as POS terminals, mobile applications and self-service kiosks, offering alternative payment methods to meet the needs of unbanked and
underbanked consumers.
Investment Considerations:
- With roughly two million current users in Mexico, Innovative Payment Solutions is now shifting focus to the United States, with the implementation of 50 Southern California kiosks planned for Q4 2020.
- The company is expanding beyond the kiosks through plans for its own stable coin, IPSI Coin, which will be backed by the U.S. dollar.
- Businesses implementing the IPSI Kiosk have the potential to drive additional net revenue and attract new clientele.
- The 2018 global digital payment market was estimated at $43.5 billion and is forecast to expand at a CAGR of 17.6% through 2025.
- In 2019, IPSI Kiosks processed approximately 4.5 million transactions in Mexico totaling over $17 million.
|
