Innovative Payment Solutions Announces IPSIPay Express, a New Business Line to Broaden IPSI's Digital Payments Services Into the Fast-Growing Online Gaming and Entertainment Sectors
Innovative Payment Solutions Announces IPSIPay Express, a New Business Line to Broaden IPSI's Digital Payments Services Into the Fast-Growing Online Gaming and Entertainment Sectors
Joint Venture with Industry Veterans OpenPath and eFinityPay Creates 2023 Revenue Opportunities for IPSI
與行業資深人士 OpenPath 和 efinityPay 合資爲 IPSI 創造了 2023 年的收入機會
CARMEL BY THE SEA, Calif., May 01, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) ("IPSI" or the "Company"), a fintech provider of robust and proprietary digital payment platforms that enable transfers of money by means of convenient, cost effective fast and secure systems, today announced that it has entered into a new line of business called IPSIPay ExpressTM, a three-way joint venture with payment industry veterans OpenPath and eFinityPay to develop and market a proprietary consumer to merchant real time payment platform initially focused on the fast growing online gaming and entertainment sectors.
加利福尼亞州海邊的卡梅爾，2023 年 5 月 1 日（GLOBE NEWSWIRE）— 創新支付解決方案公司。（OTCQB：IPSI）（“IPSI” 或 “公司”）是一家提供強大而專有的數字支付平台的金融科技提供商，該平台支持通過方便、具有成本效益的快速和安全的系統進行資金轉移。該公司今天宣佈，它已進入一個名爲 ipsiPay 快遞TM，這是一家由支付行業資深人士OpenPath和EfinityPay組成的三方合資企業，旨在開發和銷售一種專有的消費者對商家實時支付平台，最初專注於快速增長的在線遊戲和娛樂領域。
IPSIPay Express will provide merchants with a technology for payment processing that allows for seamless, secure, and instantaneous transactions, in real time bank-to-bank account transfers (from customer bank account to merchant bank account) at costs lower than those currently available from credit or debit card processors. The proprietary technology incorporated into IPSIPay Express will also seek to end losses due to "friendly fraud" and substantially reduce consumer chargebacks, all of which are expected to provide significant value to merchants and operators in the online gaming and entertainment sectors.
IPsiPay Express將爲商戶提供一種支付處理技術，該技術允許無縫、安全和即時地進行銀行對銀行賬戶的實時轉賬（從客戶銀行賬戶到商戶銀行賬戶），其成本低於信用卡或借記卡處理商目前提供的費用。納入IPsiPay Express的專有技術還將尋求結束因 “友好欺詐” 造成的損失，並大幅減少消費者的退款，所有這些都有望爲在線遊戲和娛樂領域的商家和運營商提供可觀的價值。
Importantly, IPSI believes that the IPSIPay Express business should be ready for launch and could begin to generate revenue for IPSI during 2023. IPSI expects to use any revenue from IPSIPay Express to fund the continuing commercialization and development efforts for its flagship IPSIPay mobile app and for working capital.
重要的是，IPSI認爲，IPsiPay Express業務應該爲啓動做好準備，並可能在2023年開始爲IPSI創造收入。IPSI預計將使用iPsiPay Express的任何收入爲其旗艦iPsiPay移動應用程序的持續商業化和開發工作以及營運資金提供資金。
OpenPath, headquartered in Irvine, California provides payment solutions to companies processing large volumes of online payments. Scott C. Dorey, OpenPath's CEO, stated: "We are very pleased to partner with IPSI and eFinityPay in this promising new venture. We believe the innovative payment technology that will be at the core of IPSIPay Express will be a game changer for merchants operating in so-called "high-risk" industries like online gaming and entertainment. The IPSIPay Express account-to-account solution is in high demand by those merchants as it dramatically reduces chargebacks, processing costs and funding time for merchants. We look forward to launching IPSIPay Express to merchants on the OpenPath platform."
總部位於加利福尼亞州爾灣的 OpenPath 爲處理大量在線支付的公司提供支付解決方案。OpenPath首席執行官斯科特·多里表示：“我們很高興能與IPSI和EfinityPay合作開展這項充滿希望的新合資企業。我們相信，作爲iPay Express核心的創新支付技術將改變在在線遊戲和娛樂等所謂 “高風險” 行業運營的商家的遊戲規則。這些商家對IPsiPay Express賬戶對賬戶解決方案的需求量很大，因爲它可以顯著減少商家的退款、處理成本和融資時間。我們期待在OpenPath平台上向商家推出IPsiPay Express。”
eFinityPay, founded by CEO Franklin Levy and based in Los Angeles, California, specializes in delivering stable merchant processing solutions to ecommerce merchants in the online casino, sportsbook, entertainment, and video gaming businesses.
EfinityPay由首席執行官富蘭克林·利維（Franklin Levy）創立，總部位於加利福尼亞州洛杉磯，專門爲在線賭場、體育博彩、娛樂和視頻遊戲業務中的電子商務商家提供穩定的商戶處理解決方案。
As part of the joint venture, OpenPath will market IPSIPay Express to its existing and future merchant customers; eFinityPay will be responsible for developing and incorporating the online payment technology into IPSIPay Express as well as marketing to its substantial network or merchants in the targeted fields; and IPSI will be responsible for providing banking contacts to IPSIPay Express as well as potential access to new capital to support the IPSIPay Express business. IPSI is eligible to receive up to one-third interest in IPSIPay Express by contributing up to $1.5 million of capital to the joint venture by the end of this year.
作爲合資企業的一部分，OpenPath將向其現有和未來的商戶客戶推銷IpsiPay Express；efinityPay將負責開發在線支付技術並將其整合到iPsiPay Express中，並向其龐大的網絡或目標領域的商家進行營銷；IPSI將負責向IpsiPay Express提供銀行聯繫人以及潛在的新資金來支持iPay Express業務。IPSI有資格在今年年底之前向合資企業出資150萬美元，從而獲得IPsiPay Express高達三分之一的權益。
William Corbett, IPSI's Chairman and CEO commented, "We are excited by the new opportunities IPSIPay Express will provide for us. We believe this joint venture has the potential to diversify our revenue channels and provide payment solutions to an online gaming and entertainment segment that is growing and generating tens of billions of dollars in revenue annually. The IPSIPay Express alternative payment platform, combined with OpenPath and eFinityPay's considerable experience and relationships with the biggest merchants in the gaming and entertainment industries, should help drive growth at IPSIPay Express. In addition, IPSIPay Express will provide a simple, secure, and easy to use payment experience. We anticipate this will enable the Joint Venture to gain wide acceptance by online merchants and their customers. This new venture with experienced partners, will expedite our path to revenue, and allow us to drive the continuing launch and development of our flagship IPSIPay app."
IPSI董事長兼首席執行官威廉·科貝特評論說：“我們對iPay Express將爲我們提供的新機會感到興奮。我們認爲，這家合資企業有可能使我們的收入渠道多樣化，併爲在線遊戲和娛樂領域提供支付解決方案，該領域正在增長，每年創造數百億美元的收入。IpsiPay Express替代支付平台，再加上OpenPath和efinityPay的豐富經驗以及與遊戲和娛樂行業最大商家的關係，應該有助於推動iPay Express的增長。此外，IPsiPay Express將提供簡單、安全且易於使用的支付體驗。我們預計，這將使合資企業能夠獲得在線商家及其客戶的廣泛認可。這項由經驗豐富的合作伙伴組成的新合資企業將加快我們的收入之路，並使我們能夠推動旗艦iPsiPay應用程序的持續推出和開發。”
Additional details about the joint venture will be provided in a Current Report on Form 8-K to be filed by IPSI with the U.S. Securities and Exchange Commission.
有關該合資企業的更多細節將在IPSI向美國證券交易委員會提交的8-K表格最新報告中提供。
About Innovative Payment Solutions, Inc.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) is a cutting-edge provider of digital payment and other solutions for both business owners and consumers, focusing on the needs of the unbanked and underserved. Through its IPSIPay App and Beyond Wallet offerings, IPSI facilitates instantaneous cross-border remittances by companies and individuals, using its robust technology platform to enable digital transactions that are convenient, cost effective, fast, and secure. IPSIPay App users can acquire VISA debit cards, as well as obtain a bank account at a major U.S. institution, enabling them to execute financial transactions through IPSI's large, worldwide merchant network. IPSI is also a joint venture partner in IPSIPay Express, a new business aiming to provide proprietary payment solutions to markets including online gaming and entertainment.
關於創新支付解決方案公司
Innovative Payment Solutions, Inc.（OTCQB：IPSI）是一家爲企業主和消費者提供數字支付和其他解決方案的尖端提供商，專注於沒有銀行賬戶和服務不足者的需求。通過它的 ipsiPay 除了電子錢包產品之外，IPSI還利用其強大的技術平台爲公司和個人的即時跨境匯款提供便利、具有成本效益、快速和安全的數字交易。ipsiPay 應用程序用戶可以購買VISA借記卡，也可以在美國一家大型機構獲得銀行賬戶，從而使他們能夠通過IPSI龐大的全球商戶網絡進行金融交易。IPSI還是iPay Express的合資合作伙伴，IpsiPay Express是一家新公司，旨在爲包括在線遊戲和娛樂在內的市場提供專有支付解決方案。
To learn more about Innovative Payment Solutions, Inc., please visit .
要了解有關創新支付解決方案公司的更多信息，請訪問 。
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 made by Company management and the Company's commercial collaborators. All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will "or the negative of these terms or other comparable terminology. These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to significant risks and uncertainties, many of which are difficult to predict that could cause actual results (including the anticipated benefits to the Company (including potential revenue generation) of its participation in the IPSIPay Express joint venture as described herein) to differ materially and adversely from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others: (i) whether the IPSIPay Express joint venture partners can develop and commercially launch IPSIPay Express on the timeframes anticipated, if at all; (ii) challenges with the gaming, entertainment and other markets in IPSIPay Express expects to operate; (iii) merchant and customer acceptance of IPSIPay Express as an alternative payment method, (iv) the ability of IPSIPay Express to generate revenue and distribute cash to the Company; (v) the Company's ability to continue its commercialization efforts for the IPSIPay App and related capabilities; (vi) the Company's ability to increase its number of active users and generate revenue from such users on a continuing basis; (vii) the Company's ability to operate its platform without errors; (viii) the Company's ability to operate its technology for use in all U.S. states and foreign countries; (ix) the Company's ability to generate revenue, positive cash flow or profitability; (vi) the duration and scope of the COVID-19 pandemic worldwide (which previously delayed the launch of IPSIPay), including the impact to the economy in California and Mexico; and (x) the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release. The Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
關於前瞻性陳述的警示說明
本新聞稿包含公司管理層和公司商業合作者發表的1995年《私人證券訴訟改革法》所指的 “前瞻性陳述”。除本新聞稿中包含的歷史事實陳述外，所有陳述均爲前瞻性陳述。在某些情況下，前瞻性陳述可以用 “預期”、“相信”、“可以”、“繼續”、“可以”、“估計”、“預期”、“打算”、“可能”、“計劃”、“潛在”、“預測”、“項目”、“應該” 或 “將” 或這些術語或其他類似術語中的負面詞語來識別。這些前瞻性陳述基於截至新聞稿發佈之日的預期和假設，存在重大風險和不確定性，其中許多風險和不確定性難以預測，這可能導致實際結果（包括本文所述參與iPsiPay Express合資企業給公司帶來的預期收益（包括潛在的收入創收））與當前的預期和假設存在重大不利差異，與任何前瞻性陳述中提出或暗示的預期和假設存在重大不利差異。可能導致實際業績與當前預期存在重大差異的重要因素包括：（i）iPsiPay Express合資合作伙伴能否在預期的時間範圍內開發和商業推出iPsiPay Express（如果有的話）；（ii）iPay Express預計運營的遊戲、娛樂和其他市場面臨的挑戰；（iii）商家和客戶接受iPsiPay Express作爲替代支付方式的能力 IPsiPay Express 用於創造收入並向公司分配現金；(v)公司繼續爲iPsiPay進行商業化的能力 應用程序和相關功能；(vi) 公司增加活躍用戶數量並持續從此類用戶那裏獲得收入的能力；(vii) 公司無差錯運營其平台的能力；(viii) 公司運營其技術以在美國所有州和國外使用的能力；(ix) 公司創造收入、正現金流或盈利能力的能力；(vi) COVID-19 全球疫情的持續時間和範圍 (這之前推遲了 iPsiPay 的推出），包括對加利福尼亞州和墨西哥經濟的影響；以及（x）公司截至2021年12月31日止年度的10-K表年度報告以及公司隨後向美國證券交易委員會提交的文件（包括隨後的10-Q和8-K表定期報告）中討論的其他因素。本版本中的信息僅在本版本發佈之日提供。除非法律要求，否則公司沒有義務因新信息、未來事件或其他原因更新本新聞稿中包含的任何前瞻性陳述。
Media and Investor Inquiries
Tel: (866) 477-4729
investors@ipsipay.com
媒體和投資者查詢
電話：(866) 477-4729
investors@ipsipay.com
譯文內容由第三人軟體翻譯。