Innovative Payment Solutions, Inc. (IPSI) Stock Gains Further Momentum: What Next?

Innovative Payment Solutions, Inc. (OTCMKTS:IPSI) continues to see buying interest on Monday. The stock has gained 25% over the past week.

Market Action

As of 10:30, IPSI stock is up by 12.30% to $0.1123 with more than 1.82 million shares, compared to its average volume of 5.67 million shares. The stock has moved within a range of $0.1002 – 0.1180 after opening the trade at $0.1180.

Major Trigger:

Innovative Payment Solutions, Inc. Acquires 10% Stake in Boston based Start-Up Frictionless Financial Technologies, Inc.

Key Highlights:

  • Innovative Payment Solutions announced the acquisition of a 10% stake in Boston based startup Frictionless Financial Technologies, Inc. to collaborate on its suite of digital technologies.

William Corbett, CEO of Innovative Payment Technologies, Inc., commented, “We believe this investment into Frictionless Financial Technologies, Inc. will enhance, accelerate, complement and expand the late-stage development of our digital platform. We look forward to our planned roll-out later this summer of our all-in-one solution that will bring the unbanked, underbanked and anyone else to the digital world of sending payments across borders.”

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