Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 14

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 14
---
 procedures in the future, or, if we experience material weaknesses and other deficiencies in our internal control and accounting
procedures and disclosure controls and procedures, our stock price could decline significantly and raising capital could be more difficult.
If new material weaknesses or significant deficiencies are discovered or if we otherwise fail to address the adequacy of our internal
control and disclosure controls and procedures from time to time, our business may be harmed. Moreover, effective internal controls are
necessary for us to produce reliable financial reports and are important to helping prevent financial fraud. If we cannot provide reliable
financial reports or prevent fraud, our business and operating results could be harmed, investors could lose confidence in our reported
financial information, and the trading price of our securities could drop significantly.

Risks Related to
Our Business

The payment services
industry is highly competitive, and many of our competitors are larger and have greater financial and other resources.

The payment services
industry is highly competitive, and our continued growth depends on our ability to compete effectively with both traditional and non-traditional
payment service providers. We currently expect to face competition from a variety of financial and non-financial business groups which
include retail banks, non-traditional payment service providers which provide mobile top-up services, and mobile network operators, traditional
kiosk and terminal operators, electronic payment system operators, as well as other companies that provide various forms of payment services,
including electronic payment and payment processing services. Competitors in our industry seek to differentiate themselves by features
and functionalities such as speed, convenience, network size, accessibility, hours of operation, reliability and price. A significant
number of these competitors have greater financial, technological and marketing resources than we have, and operate robust networks and
are highly regarded by consumers.

There is uncertainty
as to market acceptance of our technology, products and services.

We have conducted our
own research into the markets for our technology, products and services; however, because we are a new entrant into the market, there
is a risk that the market will not accept our technology, products and services. Further, we have limited information on which to estimate
our anticipated level of sales. Our products and services require consumers and service providers to adopt our technology. Our industry
is susceptible to rapid technological developments and there can be no assurance that we will be able to match any new technological
advances. If we are unable to match the technological changes in the needs of our customers, the demand for our products will be reduced
and our ability to generate revenue