Company: IPSI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110820
Chunk: 181

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 181
---
 authorized share capital

On October
3, 2025, the Company filed restated articles of incorporation with the Secretary of State of the State of Nevada, increasing the authorized
capital of the company to 1,600,000,000 shares, of which 1,500,000,000 are designated as common stock and 100,000,000 is designated as
preferred shares. The amendment to the articles of incorporation was approved by majority written consent of the shareholders in terms
of Nevada Revised Statutes and became immediately effective upon filing.

Joint Venture
Agreement

On October
29, 2025, the Company entered into a Limited Liability Company Operating Agreement with Brant Point Solutions, LLC to form a new Delaware
limited liability company, Jetties Partners, LLC (d/b/a IPSIPAY) (the “Joint Venture”).

The purpose
of the Joint Venture is to develop, market, distribute, and operate real-time financial technology merchant processing payment solutions
branded as IPSIPay or PayzliPlus, initially targeting gaming, sportsbook, and casino entertainment markets.

The Agreement outlines the parties’ respective contributions, governance structure, management rights, and other material terms
relating to the operation of the Joint Venture. The Company believes that this collaboration will expand its reach within the real-time
payments and gaming merchant processing industries through the integration of complementary technologies and market relationships.

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