Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 191

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 191
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 or joint venture. Furthermore, the integration of any acquisition
may divert management’s time and resources from our core business and disrupt our operations. Moreover, even if we were successful
in integrating newly acquired assets, expected synergies or cost savings may not materialize, resulting in lower than expected benefits
to us from such transactions. We may spend time and money on projects that do not increase our revenue. Additionally, when making acquisitions
it may not be possible for us to conduct a detailed investigation of the nature of the assets being acquired due to, for instance, time
constraints in making the decision and other factors. We may become responsible for additional liabilities or obligations not foreseen
at the time of an acquisition. In addition, in connection with any acquisitions, we must comply with various antitrust requirements.
It is possible that perceived or actual violations of these requirements could give rise to regulatory enforcement action or result in
us not receiving all necessary approvals in order to complete a desired acquisition. To the extent we pay the purchase price of any acquisition
in cash, it would reduce our cash reserves, and to the extent the purchase price is paid with our stock, it could be dilutive to our
stockholders. To the extent we pay the purchase price with proceeds from the incurrence of debt, it would increase our level of indebtedness
and could negatively affect our liquidity and restrict our operations. All of the above risks could have a material adverse effect on
our business, results of operations, financial condition, and prospects.

We are subject
to the discretion of administrative enforcement agencies. 

In certain cases, regulations
may provide administrative discretion regarding enforcement, and regulations may be applied inconsistently across the industry, resulting
in increased costs for the Company that may not be incurred by competitors. Changes in laws, regulations or other industry practices
and standards, or interpretations of legal or regulatory requirements, may reduce the market for or value of our products or services
or render our products or services less profitable or obsolete. For example, policymakers may impose heightened customer due diligence
requirements or other restrictions, fees or taxes on remittances. Changes in the laws affecting the kinds of entities that are permitted
to act as money transfer agents (such as changes in requirements for capitalization or ownership) could adversely affect our ability
to distribute certain services and the costs of providing those services.

Major bank failure
or sustained financial market illiquidity, or illiquidity at our clearing, cash management and custodial financial institutions, could
adversely