Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 190

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 190
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, financial condition, results of operations, and cash flows. Additional countries may adopt
similar legislation.

We may have difficulty
managing our growth, which may divert resources and limit our ability to successfully expand our operations.

Our implementation of
our business plan and current or future strategic initiatives will place significant demands on our operations and management. Our future
success will depend on the ability of our officers and other key employees to continue to implement and improve our operational, credit,
financial, management and other internal risk controls and processes, along with our reporting systems and procedures, as the number
and geographical scope of our customer and vendor relationships continue to expand. We may be unable to implement improvements to our
management information and control systems and control procedures and processes in an efficient or timely manner, and we may discover
additional deficiencies in existing systems and controls. In particular, our controls and procedures must be able to accommodate our
expected increase in revenue. Our growth strategy may require us to incur additional expenditures to expand our administrative and operational
infrastructure. If we are unable to manage future expansion in our operations, we may experience compliance and operational problems,
have to slow the pace of growth or have to incur additional expenditures beyond current projections to support such growth, any one of
which could adversely affect our business and results of operations. We may be unable to increase the volume of sales at acceptable risk
levels, expand our customer base and manage the costs and implementation risks associated with our growth strategy. We also cannot provide
you with any assurance that our further expansion will be profitable, that we will be able to maintain any specific level of growth,
if any, that we will be able to maintain capital sufficient to support our continued growth or that we will be able to adequately and
profitably manage that growth.

12

We may not be
able to complete or integrate successfully any potential future acquisitions, partnerships or joint ventures.

We have implemented
joint ventures and commercial partnerships as part of our business, and from time-to-time, we may evaluate possible acquisition transactions,
partnerships or joint ventures, some of which may be material. Potential future acquisitions, partnerships and joint ventures may pose
significant risks to our existing operations if they cannot be successfully integrated. These projects would place additional demands
on our managerial, operational, financial and other resources, create operational complexity requiring additional personnel and other
resources and require enhanced control procedures. In addition, we may not be able to successfully finance or integrate any businesses,
services or technologies that we acquire or with which we form a partnership