Innovative Payment Solutions (OTCQB: IPSI), a U.S.-based fintech company focused on building a 21st-century digital payment technology service business, has announced a software upgrade for its self-service kiosks. IPSI currently has some 50 kiosks planned for installation at retail locations in Southern California, with additional kiosks in other states also planned. The company is developing an exclusive software and blockchain technology that allows customers to navigate through numerous financial services options with providers, including bill payment, account review and customer service, remittance of funds, e-commerce and gaming. The company is also working on producing a secure digital wallet while creating a proprietary IPSI Stable Coin ecosystem designed to improve the day-to-day lives of consumers. These efforts are targeting unbanked, underbanked consumers who have been hit hard amid the COVID-19 pandemic. “Minority communities continue to lack access to traditional banking services and currently pay exorbitant fees for alternative financial services such as cross border payments and remittances,” Innovative Payment Solutions CEO William Corbett stated in the press release. “The company’s kiosks and its technology can assist individuals and families with these services at no cost to them from the convenience of a kiosk, desktop or mobile platforms. . . . These consumers deserve to have access to basic financial services that are cost effective, easily accessible and secure. Our company is focused on delivering a new payment solution that will facilitate financial inclusion initiatives locally and on a global scale.”
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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 POS terminals offering alternative payment methods to meet the needs of consumers and service providers. For more information about the company, please visit www.InnovatePaySolve.com.
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