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Global Payments Market Problems IPSI Solution

June 3, 2021

One of the hottest areas of innovation for 2021 in financial services is the digital payments market. With lingering Covid restrictions still in place, digital payments have become a way of life. The global digital payments market is expected to hit a $6.6trn value in 2021, a 40% increase in two years.

It is essential to stand out in what could become a quickly crowded marketplace. The race is on to provide the fastest, easiest to use, and most secure service.

One location in particular in need of digital payment options is Mexico. The unbanked population reaching almost 42 million with only 37% of adults over the age of 15 years old having access to a bank account. Just as sending a money transfer to Mexico should be simple the same can be said for the person receiving it on the other end.

Without a bank account, someone living in Mexico might have to wait for a cheque or money order to arrive. This can often involve traveling for several hours to collect it and paying to cash it on top of exchange fees. With the digital payment market, the time taken for this process and the extra cost can and should be eliminated.

IPSI Payment Innovative Payment Solutions (OTCQB: IPSI) offers a solution to solve this problem. Where IPSIPay excels is the human element we have put into the creation of every aspect of our products, features, and services. We strive to be the leading service on the digital payments market in our approach and range of services offered. The diagram below highlights how we set ourselves apart in the industry.

Our approach is accessible to everyone. We have created our own ecosystem of technological products to give customers the freedom to manage their money. Our technology functions include:

  • IPSI Prepaid Card- receive money transfers and paychecks, withdraw money and shop online all without a smartphone.
  • IPSIApp – compatible with IOS, Android, Web, and self-service kiosks.
  • IPSI Wallet – the balance is reflected in the app. You can load your wallet from a variety of funds and it allows for payments, remittances, betting, pay-day loans, and much more.
  • IPSI Coin – Purchase our stable USD – backed transport coin using various funds from Visa or Mastercard, an ACH Transfer, or cryptocurrency (i.e. Bitcoin or Ether).
  • IPSI KIosks – Provide access to digital finance solutions at the touch of a button.

Our technology is also geared towards B2B functions. With access to the digital payments market, merchants can access a wider range of consumers who were unable to pay without a bank account. Employers can run payroll, easily and quickly paying their employees. Freelancers who are remote or struggle to manage payments can receive their payments in any currency or even in crypto. The benefits for all business functions are far-reaching and enable a quicker and easier method of managing your business financial operations.

With all of our benefits for individuals and businesses, where we really stand out is our ability to give access to services to customers who don’t have access to a smartphone. Not only can we deliver the IPSICard the same day, but the card also comes ready to receive money and make transactions.

Additionally, our IPSICard and kiosks provide customers access to the digital payments market. These kiosks get our customers money when they need it and have been in operation since 2013. In 2019, 4.5 million transactions were processed by our kiosks in Mexico; our initial California kiosk rollout will be installed in Q3 of 2021 (Postponed due to COVID.)

We are convinced of our leading ability to provide customers access to the digital payments market and the services they need to manage their finances. In the table below we have compared ourselves with some competitors to highlight how we are leading the way in the industry.

 

 

IPSI

HUMBL Revolut Wise

CashApp

Card Service

Yes

Yes

Yes No

Yes

Access to service without
a Smart device?

Yes

No No No

No

Same-day delivery
of card?

Yes

No No N/A

No

Physical
Kiosks Available  

Yes

No No No

No

 

Our goal is to make it as easy as walking to a kiosk with your card and accessing your money anytime, anywhere. Providing unrestricted freedom to those who need it most.

Call to Action

To learn more about IPSI’s investment opportunity contact the Investor Relations team at investor@ipsipay.com

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