Innovative Payment Solutions, Inc. announced the initiation of its kiosk rollout and is providing an update on the launch of its IPSIPay App. The Company is initiating the launch of its kiosks with an initial focus on non-profit organizations, primarily churches in the central valley region in California. This area includes a disproportionately high population of immigrants, particularly from Mexico, a significant portion of which are either unbanked or underbanked. The church market represents a large opportunity, providing church members the ability to send money to Mexico, as well as a digital method to donate to the church in an easy and cost-effective way. According to CAMEO, California’s statewide Micro Enterprise Network, 25% of the state’s population of 41 million people, is either unbanked or underbanked, representing a market opportunity of over 10 million people. The Company is in the final stages of development for its IPSIPay App, and now expects its official release in January 2022. Concurrent with this release, the Company is planning to launch a digital marketing campaign to generate awareness and interest in its app rollout.