 NORTHRIDGE, Calif., March 12, 2021 GLOBE NEWSWIRE -- via NewMediaWire -- Innovative Payment Solutions, Inc. OTCQB: IPSI Innovative or the Company, a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase in a private placement offering 30,333,334 shares of common stock or common stock equivalents in lieu thereof and warrants to purchase up to an aggregate of 15,166,667 shares of common stock, at a combined purchase price of a 0.15 per share and associated warrant. The warrants have an exercise price of 0.15 per share, will be immediately exercisable and will expire five years from the issue date. 