IPS unit InfiniVAN to launch Centimo Ventures for Philippine fintech push

IPS, Inc. ( (JP:4390) ) has shared an announcement.

IPS, Inc. is a Japan-listed telecommunications group that develops and operates physical network infrastructure, including domestic fiber-optic networks in the Philippines and international submarine cables. Through its consolidated subsidiary InfiniVAN, Inc., the company focuses on cross-border connectivity and is now extending its capabilities into digital financial infrastructure and fintech services in the Philippine market.

InfiniVAN’s new wholly owned subsidiary, Centimo Ventures Inc., will be established in Bonifacio Global City, Taguig, with capital of 100 million Philippine pesos to develop electronic payment systems, digital financial platforms, and blockchain-based infrastructure. By combining its communication networks with digital financial services such as payment processing, settlement, and financial data analytics, IPS aims to expand from carrying information to carrying value, positioning itself for medium- to long-term growth in the fintech sector while the immediate impact on current-year earnings is expected to be limited.

The most recent analyst rating on (JP:4390) stock is a Hold with a Yen3254.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.

More about IPS, Inc.

IPS, Inc. is a Japan-listed telecommunications group that develops and operates physical network infrastructure, including domestic fiber-optic networks in the Philippines and international submarine cables. Through its consolidated subsidiary InfiniVAN, Inc., the company focuses on cross-border connectivity and is now extending its capabilities into digital financial infrastructure and fintech services in the Philippine market.

InfiniVAN’s new wholly owned subsidiary, Centimo Ventures Inc., will be established in Bonifacio Global City, Taguig, with capital of 100 million Philippine pesos to develop electronic payment systems, digital financial platforms, and blockchain-based infrastructure. By combining its communication networks with digital financial services such as payment processing, settlement, and financial data analytics, IPS aims to expand from carrying information to carrying value, positioning itself for medium- to long-term growth in the fintech sector while the immediate impact on current-year earnings is expected to be limited.

Average Trading Volume: 74,517

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen42.66B

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