Phoenix, Arizona--(Newsfile Corp. - June 22, 2021) - The Stock Day Podcast welcomed Innovative Payment Solutions, Inc. (OTCQB: IPSI) ("the Company"), a company that strives to offer cutting edge digital payment solutions for consumers and service providers. CEO of the Company, William Corbett, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "I had the great privilege of taking this company public five years ago with the intent of building out a digital platform for the unbanked in Mexico," said Corbett. "It actually did quite well, and we had about 700 kiosks distributed throughout Mexico and 2 million people using them on a regular basis," he continued. "The company asked me to come onboard in 2019 and pivot towards California," said Corbett. "We're building an incredible opportunity for unbanked, underbanked, and Gen Z's to really come to the digital age."
"What is it about your background and your team that is special and could take your company to the next level?", asked Jolly. "I think what separates us is we are very compliant, we have good lawyers, we file our quarter and our K on time, we have great advisors, and I luck enough to have 20-year relationships on the institutional side that have banked us, believe in us and will continue to do so," said Corbett. "We have almost $8 million in the bank," he added. "We have great support on the retail side and we are in a very hot space with FinTech," continued Corbett. "If we knock off these milestones that I have publicly, you're going to have an opportunity to see a stock significantly on the upside."
"Is it true that 50 million people in America are unbanked?", asked Jolly. "Well, there are 50 million people that live paycheck-to-paycheck, but there are likely at least 20-25 million in California and the western states that are unbanked," said Corbett.
"What is your company doing for the unbanked and underbanked?", asked Jolly. "We are providing them a path to get money in the system," said Corbett. "No offense to Western Union and MoneyGram, they have done a great job with moving money, but I think we can do it cheaper, faster, more conveniently, and have it settled immediately," he continued, adding that individuals will be able to utilize the Company's services through kiosks or through B2B relationships where payroll funds can be loaded onto a prepaid card. "We want anybody to be able to send money anywhere using any rail with access to all of these rails at their fingertips."
"When do you think you will start monetizing your platform?", asked Jolly. "We want to be in revenue as quickly as we can. We are working really hard on the technology side," said Corbett. "I would say that we will have revenues late this summer," he shared. "We have applied for the NASDAQ," he added. "If we can show revenue by the time we're ready to hit the NASDAQ, I think good things will happen from that," said Corbett. "We have a ton of cash on the balance sheet, we monitor that every day and we're very conservative about that, but we're going to keep our burn down and we're going to focus on getting to revenue."
'Where do you see your company one, two, or three years from now?", asked Jolly. "I hope that a couple of years from now we offer a total solution for moving money all over the world in a compliant and compassionate way," said Corbett, adding that the Company may also be open to strategic acquisitions and joint ventures in the future. "When the consumer wins, the business wins, and our shareholders win, and we feel good about helping mankind."
To hear William Corbett's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7891309-innovative-payment-solutions-inc-updates-the-stock-day-podcast-on-its-digital-payment-solutions
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About Innovative Payment Solutions, Inc.
Innovative Payment Solutions, Inc. strives to offer cutting edge digital payment solutions for consumers and service providers. Innovative Payment Solutions Inc.'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. (investor.ipsipay.com)
Forward-Looking Statements
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These statements include, without limitation, statements related to the intended use of proceeds. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: market and other conditions, the impact of economic, competitive and other factors affecting the Company and its operations. The Company makes no commitment to disclose any subsequent revisions to forward-looking statements, except as required by law. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
For investor inquiries please call (866) 477-4729 or email investors@ipsipay.com.
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.
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