Innovative Payment Solutions Inc (IPSI) is a fintech company that provides digital payment solutions and services to businesses and consumers. Revenue generation has not been established as of the fiscal year ended December 31, 2025. The company operates through joint ventures, including IPSIPay Express, formed on April 28, 2023 as a Delaware limited liability company with OpenPath, Inc. and EfinityPay, LLC, targeting credit card processing services in what it describes as underserved markets. A separate product, IPSIPAY, an e-wallet enabling cash deposits, digital conversion, and fund remittance, has not yet been commercially launched as of the 10-K filed March 31, 2026. IPSI reported a net loss of $4,394,384 for the year ended December 31, 2025, versus a net loss of $4,126,341 for the year ended December 31, 2024. As of December 31, 2025, the company carried approximately $5.4 million in outstanding convertible notes, net of $0.2 million debt discount, owed to institutional investors.

Revenue model

IPSI had not generated material revenues as of the year ended December 31, 2025. The intended model is transactional fees from digital payment processing and money remittance services delivered through joint ventures and a planned e-wallet product.

Products and services

IPSIPay: planned e-wallet for cash deposit, digital conversion, and fund remittance, targeting gaming and entertainment sectors. IPSIPay Express: credit card processing joint venture formed April 28, 2023 with OpenPath, Inc. and EfinityPay, LLC. Both products were pre-revenue or dormant as of December 31, 2025.

Customers and end markets

Target customers are businesses and consumers, with a stated focus on gaming and entertainment industries described in the filing as high-risk sectors. The company also targets the global money remittance market.

Value-chain role

IPSI positions itself as a digital payment processor and remittance facilitator, operating through joint ventures rather than wholly owned infrastructure. The joint venture with OpenPath and EfinityPay provides credit card processing services.

Source: SEC 10-K, filed 2026-03-31

Industry: Retail-Catalog & Mail-Order Houses