---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-074375"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:26:19.917172+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IPSI novates IPSIPay SAAS agreement and $324,544 debt to Endpoint Technologies

## Summary
- IPSI transfers all rights, obligations, and $324,543.78 debt under the SAAS Agreement to Endpoint.
- FFT releases IPSI from all obligations; IPSI will no longer operate IPSIPay after Oct 5, 2023.
- IPSI retains IPSIPay trademark; Endpoint must rebrand after Transition Period ending Oct 5.
- No new IPSIPay clients onboarded after Sep 6, 2023; existing clients become Endpoint's.

## SEC filing metadata
- accession: 0001213900-23-074375
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390023074375/0001213900-23-074375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390023074375/ea184731-8k_innovative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-074375
- JSON: https://secwatch.observer/filing/0001213900-23-074375.json
- Plain text: https://secwatch.observer/filing/0001213900-23-074375.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.