Innovative Payment Solutions, Inc. announced that it has entered into a Referral and Partnership Agreement with TabaPay, Inc. Under the agreement, IPSI will act as a referral and integration partner for TabaPay's payment solutions, enabling new revenue opportunities within online gaming, sportsbook, and digital commerce. In 2024 the total online gaming transactions in the US approximated $150 billion, a market which based on the TabaPay agreement, IPSI can now access. The collaboration will allow IPSI to provide its clients with access to instant payments and settlement capabilities through TabaPay's proprietary platform, which connects to 14 major networks like Visa and Mastercard, as well as 18 partner banks supporting real-time transactions.
TabaPay enables instant money movement across multiple payment rails, including card networks, RTP (Real-Time Payments). Its unified API architecture provides direct connectivity that bypasses gateways, ensuring least-cost routing, intelligent transaction optimization, and faster settlement for merchants. Through this partnership, IPSI will receive referral-based commissions for qualified merchants introduced to TabaPay.
The agreement is designed to strengthen IPSI's strategic position within the fintech ecosystem, leveraging both companies' technologies to accelerate real-time payment adoption across gaming, entertainment, and cross-border commerce sectors.
