Open - banking technology
Search documents
New Joint Venture Agreement with PayzliPlus
Globenewswire· 2025-10-29 13:00
Core Insights - Innovative Payment Solutions, Inc. (IPSI) has entered into a Joint Venture with Brant Point Solutions LLC, also known as PayzliPlus, to enhance its merchant processing and cross-border digital payment solutions in the online betting industry [1][2]. Company Overview - IPSI is a Las Vegas-based digital payments and merchant acquiring company focused on delivering real-time, cross-border, and high-efficiency payment solutions to underserved verticals including gaming, e-commerce, and fintech markets [5]. Joint Venture Details - The Joint Venture will integrate Brant Point's contractual relationships with Payzli, a leading fintech provider, allowing IPSI to access a comprehensive suite of services and advanced technologies for the online betting industry [2]. - Brant Point will lead the marketing of IPSI's existing services, including those acquired through Tabapay, alongside new payment solutions developed through the collaboration with Payzli [2]. Market Potential - The online gambling market is projected to approach $200 billion in 2025, with at least ten states prohibiting credit card use for placing bets, indicating a significant opportunity for IPSI and PayzliPlus to fill this gap [3]. - The partnership aims to create a chargeback-proof, real-time payment and instant-settlement platform, which is seen as a critical advancement for the gaming and sports betting sectors [3]. Strategic Positioning - The collaboration is viewed as a pivotal step in IPSI's strategic evolution, combining its real-time cross-border payment infrastructure with PayzliPlus's open-banking technology to capture significant market share in the rapidly growing online gaming and sports wagering verticals [4].