Innovative Payment Solutions (OTCQB: IPSI), a U.S.-based fintech company building 21st century digital payment solutions, today announced the launch of a joint venture with blockchain and artificial intelligence company BLGI Inc. (OTCQB: BLGI). The joint venture will help expand IPSI into global digital payment infrastructures and ultimately advance the companies’ mutual efforts towards unlocking blockchain technology for swift funds processing, ensuring simplicity of payment for services at a substantially reduced cost for consumers and secure network to transfer funds anywhere in the world. “Our agreement with BLGI provides our companies with a tremendous opportunity to develop, evaluate and implement a blockchain technology that will expand our distribution ecosystem and coordinate analytical marketing data through our provision of comprehensive financial solutions to unbanked, underbanked and fully banked consumers,” said IPSI CEO William Corbett. “In addition, Lawrence P. Cummins, current chairman and CEO of BLGI, has recently joined our advisory board to provide his vision and insight to our ongoing business development.”
To view the full press release, visit https://ibn.fm/nQYRx
About Innovative Payment Solutions Inc.
Innovative Payment Solutions strives to offer cutting-edge digital payment solutions for consumers and service providers. Innovative’s ecosystem will span multiple devices such as self-service kiosks, mobile applications and point-of-sale (“POS”) terminals offering alternative payment methods, including money remittance, to meet the needs of consumers and service providers. For more information, visit www.investor.ipsipay.com.
NOTE TO INVESTORS: The latest news and updates relating to IPSI are available in the company’s newsroom at https://ibn.fm/IPSI
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