Company: IPSI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076595
Chunk: 168

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 168
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) if the shares of common stock trade above $0.04 during the period expiring on December 31, 2025, the investors may convert up to 10% of the aggregate debt outstanding, ii) if the common stock trades below $0.01 and/or the Company generates no revenue by December 31, 2025, then the conversion price reverts to the original conversion price per common stock, iii) the Company has to produce revenues of at least $250,000 prior to December 31, 2025, and iv) the Company will seek approval to increase it authorized common stock by October 31, 2025, by a number to be determined by the management of the Company, should the Company be unsuccessful in increasing the authorized number of shares, the convertible notes will revert to their original
terms.

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