Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 244

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 244
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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 establishment of such systems and technology is still ongoing, which is the primary reason why IPEX has not been commercially launched to date.

    ●
    Securing Customers. Our management has also been working to secure potential customers for IPEX. These customers would include gaming and entertainment businesses.

No assurances can be given
that IPSIPay Express will be successfully launched or will generate revenues or otherwise have a positive impact on our results of operations.
We believe IPSIPay Express could be commercially launched and generate initial revenues during the current fiscal year, but no assurances
can be provided that this will be achieved or