Company: IPSI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044146
Chunk: 148

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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 Securities Purchase
Agreement, the Company issued five-year warrants to purchase an aggregate of 30,000,000 shares of the Common Stock at an
exercise price of $0.005 per share (as adjusted for stock splits, stock combinations, and similar events). The Company is under no
obligation to register the shares of Common Stock underlying the Note or the Warrant, for public resale.

Other than the above, the Company has
evaluated subsequent events through the date the financial statements were issued and did not identify any subsequent events that would
have required adjustment or disclosure in the financial statements.

31

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.

All references to “we,”
“us,” “our” and the “Company” refer to Innovative Payment Solutions, Inc., a Delaware corporation
unless the context requires otherwise.

Overview

We
are a fintech provider of digital payment solutions presently focused on, through its participation in IPSIPay Express, developing a new
account-to-account payment application called Instant Direct Payments (which we call IPEX) as well as traditional credit card processing
services. We have in the past (under the name IPSIPay) and may in the future develop and operate “e-wallets” that enable consumers
to deposit cash, convert it into a digital form and remit funds quickly and securely.

Known Trends, Demands,
Commitments, Events or Uncertainties Impacting Our Business

IPSIPay Express

While we believe the
IPSIPay Express opportunity has great promise, as of the date of this report, IPEX has not been launched and we have derived no revenue
or cash distributions from IPSIPay Express. We expect that revenue will be generated by IPSIPay Express through fees derived from merchant
processing fees, money transfer fees, and commissions on international bill payment processing. To date, our activities related to IPSIPay
Express have included the following:

●Securing Banking Relationships.
To engage in traditional credit card processing or the proposed IPEX account-to-account payment solution, it is necessary to work with
qualified banking institutions through which transactions are processed. As of the date of this Report, such relationships are not  in
place.

●Assisting with Payment Logistics.
We have been working with our IPSIPay Express joint venture partners to establish the systems and technology necessary to effectuate
payments through IPEX. As of the date of this Report, the