TV personality Mario Lopez signs exclusive approval agreement with Fintech Company Innovative Payment Solutions, Inc. (OTCQB: IPSI)
Collaborate to address the “unbanked / underbanked” communities in the United States and Latin America while promoting a humanitarian spirit
CARMEL BY THE SEA, California, July 11, 2022 (GLOBE NEWSWIRE) – Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or “The Company”), a fintech provider of digital payment solutions to both business owners and consumers, announced today that they have signed an exclusive approval agreement with TV personality Mario Lopez (“Access Hollywood,” “Saved By The Bell”) to raise awareness of IPSI’s products.
A media excerpt accompanying this announcement is available by clicking on the image or link below:
Mr. Lopez will work as IPSI’s spokesperson to highlight the challenges facing the unbanked and underserved communities in the United States and Latin America, and emphasizes how IPSI’s products can help meet these challenges. IPSI is focused on developing and offering e-wallets for mobile applications that enable customers to deposit money, convert it into a digital form and transfer funds to Mexico and other countries in a secure, efficient and cost-effective way. IPSI’s flagship e-wallet IPSIPay ™, is fully operational and with the addition of Mr. Lopez, ready for commercial launch. IPSI expects that Mr. Lopez’s significant sphere of influence will be a key aspect of the launch strategy for IPSIPay ™.
Mr. Lopez commented: “I have many relatives living in both the United States and Mexico. I am very familiar with the problems that come with just wanting to send money home to family members, but having to pay ridiculously high fees to do so. I grew up right on the border in Chula Vista (San Diego) and my parents, who immigrated from Mexico, grew up in the United States, giving me every opportunity to achieve all the successes I have been so blessed to have achieved in my life. I want to do my part to give the same opportunity to others.I am excited about this partnership with IPSI and am very proud to be closely associated with a company that I believe can make a real difference in many people’s lives, especially those who often is understaffed in the simple task of taking care of their hard-earned money. “
William Corbett, IPSI’s Chairman and CEO, added: “We are honored to work with Mario Lopez as a spokesperson for our innovative digital payment solutions. Having parents who immigrated from Mexico while achieving incredible success in the United States and around the world. the world as an actor and TV host, Mario is well positioned to understand the needs of the underserved Latin American and migrant community and the benefits that IPSI’s solutions can provide.Mario and IPSI are committed to inclusion and the humanitarian effort to provide solutions that provide immediate cross-border payments from individuals and companies IPSI’s robust technology platform that acts as a bank in the palm of your hand, enabling digital transactions that are convenient, cost-effective, fast and secure, enabling a growing community Our customers, many of whom are without a bank, are capable to acquire a VISA debit card as well as four additional companion cards for fa mily members.We look forward to a l anxious and productive relationship with Mario. “
About Mario Lopez
Mario Lopez (born in San Diego, CA) is an American actor, producer, best-selling author, and two-time Emmy-winning television host for the ACCESS HOLLYWOOD entertainment news series. He also hosts the nationally syndicated IHeart radio program, ON WITH MARIO LOPEZ. He is currently leading the search for a new generation of Menudo bands. During his 40-year career in entertainment, Lopez has appeared in a number of TV series, movies, as well as a lead role on Broadway’s A CHORUS LINE, where he met his wife, Courtney. Lopez has been an active ambassador for the BOYS AND GIRLS CLUB for more than two decades, and for the past 5 years has hosted his annual charity golf tournament that benefits PROVIDENCE ST. JOSEPH HOSPITAL in Burbank, where his children were born. He currently lives in Los Angeles with his wife, 3 children and their 2 dogs.
About Innovative Payment Solutions, Inc.
Innovative Payment Solutions, Inc. is a pioneering provider of digital payment solutions for consumers and service providers, focusing on the needs of those without a bank and subbank. Through its IPSIPay app app and Beyond Wallet offering, IPSI facilitates instant cross-border transfers of companies and individuals, using its robust technology platform to enable digital transactions that are convenient, cost-effective, fast and secure. IPSIPay app, app users are able to obtain VISA debit cards, as well as obtain a bank account at a major US institution, which enables them to perform financial transactions through the company’s large, worldwide trading network.
To learn more about Innovative Payment Solutions, Inc., please visit www.ipsipay.com.
Warning 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 the company’s management and the company’s commercial partners. All statements except statements about historical facts in this press release are forward-looking statements. In some cases, forward-looking statements can be identified using terminology such as “predict”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “intend”, “can,” “Plan”, “potential”, “predict”, “project”, “should” or “will” or the negative to 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 may cause actual results (including, without limitation, the results of the Company’s partnership with Mario Lopez as described here). to deviate significantly and negatively from current expectations and assumptions from those made or indicated by any forward-looking statements.
Important factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the company’s ability to successfully roll out the new IPSIPay app and related features; (ii) the Company’s ability to increase the number of users (including the ability of Mr. Lopez to effectively market the Company’s products); (iii) the Company’s ability to operate its platform without error; (iv) The Company’s ability to operate its technology for use in all U.S. states and foreign countries; (v) the Company’s ability to generate revenue, positive cash flow or profitability; (vi) the duration and extent of the worldwide COVID-19 pandemic (which has delayed the launch of IPSIPay), including the impact on the California and Mexico economies; and (vii) 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 from the date of this release. The Company assumes no obligation to update any forward-looking statements in this release due to new information, future events or otherwise, except as required by law.
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