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Innovative Payment Solutions, Inc. (IPSI) Announces First Revenue from Astria Insurance Solutions Inc., Marking Initial Monetization of Insurance Platform Strategy
Globenewswire· 2026-03-31 13:15
Core Insights - Innovative Payment Solutions, Inc. (IPSI) has achieved its first revenue milestone through its subsidiary Astria Insurance Solutions Inc. (AIS) under a Marketing & Services Agreement [1][2][3] Group 1: Revenue Generation - AIS has successfully launched its insurance marketing platform and completed initial sales, leading to the generation of revenue [2][3] - The first Software as a Service (SaaS) revenue payment is expected to be deposited in early April 2026 [2] Group 2: Leadership and Strategy - IPSI appointed Jackie Martine as VP of Payment Solutions Products, enhancing its leadership team as it expands its fintech and payments ecosystem [3][4] - Ms. Martine brings over 20 years of industry experience, including significant roles at Worldpay, and will focus on leading IPSI's payment product strategy [4] Group 3: Product Expansion - Under Ms. Martine's leadership, IPSI plans to broaden its financial product offerings, including Neobank solutions, salary advance programs, micro-loans, and a consumer financial services marketplace [5] - Many of these products will feature instant payments and account-to-account capabilities, aligning with IPSI's goal of providing modern financial infrastructure [5] Group 4: Company Vision - IPSI aims to build a fully integrated insurance and financial services platform, combining insurance distribution with advanced payment infrastructure [6] - The company is focused on scaling operations through increased marketing activity and expanding licensing to accelerate growth [7]