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Correspondence 0001213900-23-007393 from Innovative Payment Solutions, Inc. (IPSI) (CIK 0001591913) (IPSI)

Innovative Payment Solutions, Inc. (IPSI) (CIK 0001591913)
Date: Feb. 2, 2023 · CIK: 0001591913 · Accession: 0001213900-23-007393

AI Filing Summary & Sentiment

File numbers found in text: 333-255312

Date
February 2, 2023
Author
/s/ Richard Rosenblum
Form
CORRESP
Company
Innovative Payment Solutions, Inc. (IPSI) (CIK 0001591913)

Letter

VIA EDGAR Division of Corporation Finance Attention: Scott M. Anderegg Re: Innovative Payment Solutions, Inc. Registration Statement on Form S-1/A Filed February 2, 2023 (File No. 333-255312)

Dear Mr. Anderegg:

Pursuant to Rule 461 under the Securities Act of 1933, as amended, Innovative Payment Solutions, Inc. (the “Company”) hereby requests acceleration of effectiveness of the above referenced Registration Statement so that it will become effective at 4:30 p.m. on Monday, February 6, 2023 (the “Effective Time”). The Company hereby grants to each of Lawrence A. Rosenbloom, Esq. and Richard I. Anslow, Esq. of Ellenoff Grossman & Schole LLP the authority to communicate to the staff of the U.S. Securities and Exchange Commission one or more requests for any potential deferral of the Effective Time.

Very truly yours,
/s/ Richard Rosenblum

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CORRESP
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Innovative
Payment Solutions, Inc.

56B 5th Avenue, Lot 1 #AT

Carmel By the Sea, CA 93921

February 2, 2023

VIA EDGAR

U.S. SECURITIES AND EXCHANGE COMMISSION

Division of Corporation Finance

100 F Street, N.E.

Washington, DC 20549

Attention: Scott M. Anderegg

    Re:
    Innovative Payment Solutions, Inc.

    Registration Statement on Form S-1/A

        Filed February 2, 2023

        (File No. 333-255312)

Dear Mr. Anderegg:

Pursuant to Rule 461 under
the Securities Act of 1933, as amended, Innovative Payment Solutions, Inc. (the “Company”) hereby requests acceleration
of effectiveness of the above referenced Registration Statement so that it will become effective at 4:30 p.m. on Monday, February 6, 2023
(the “Effective Time”). The Company hereby grants to each of Lawrence A. Rosenbloom, Esq. and Richard I. Anslow, Esq.
of Ellenoff Grossman & Schole LLP the authority to communicate to the staff of the U.S. Securities and Exchange Commission one or
more requests for any potential deferral of the Effective Time.

    Very truly yours,

    /s/ Richard Rosenblum

    Richard Rosenblum

    President, Chief Financial Officer and Secretary