Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 9

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 9
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 Sea, CA, 93921, and our telephone number at that office is (866)
477-4729. Our website address is www.ipsipay.com. Information contained in our website does not form part of this Annual Report on Form
10-K and is intended for informational purposes only.

Available Information

We have included our
website address as a factual reference and do not intend it to be an active link to our website. We make available on our website, www.ipsipay.com,
our Annual Reports on Form 10-K, quarterly Reports on Form 10-Q and Current Reports on Form 8-K and amendments to those reports filed
or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act. These reports are available free of charge through the investor
relations page of our internet website as soon as reasonably practicable after those reports are filed with the U.S. Securities and Exchange
Commission (“SEC”).

7

Item 1A. Risk Factors

Risks Relating to Our Company

We have had no revenue generating operations
to date with our current IPSIPay Express business model.

We have no operating
history in our current IPSIPay Express business model, which makes it difficult to evaluate our future potential. We have yet to demonstrate
our ability to overcome the risks frequently encountered in “start-up” companies, including in the payment services industry
in the United States, and are still subject to many of the risks common to early stage companies, including the uncertainty as to our
ability to implement our business plan, market acceptance of our proposed business and services, under-capitalization, cash shortages,
limitations with respect to personnel, financing and other resources and uncertainty of our ability to generate revenues. There is therefore
a significant risk that our activities will not result in any material revenues or profit, and the likelihood of our business viability
and long-term prospects must be considered in light of the stage of our development. There can be no assurance that we will be able to
fulfill our stated business strategy and plans, or that financial, technological, market, or other limitations may force us to modify,
alter, significantly delay, or significantly impede the implementation of such plans. We have no results of operations in our current
business model for investors to use to identify historical trends. Investors should consider our prospects considering the risk, expenses
and difficulties we will encounter as an early-stage company. Our revenue and income potential is unproven and our business model is
continually