Innovative Payment Solutions, Inc., together with its subsidiaries, provides physical and virtual payment services primarily in Mexico. The company offers an integrated network of kiosks, terminals, and payment channels that enable consumers to deposit cash, convert it into a digital form, and remit the funds to merchant in its network. As of December 31, 2018, it had deployed approximately 239 kiosks and terminals in convenience stores, next to metro stations, retail stores, municipalities' airport, education centers, and shopping malls, as well as small and rural towns; and serviced an additional 440 terminals of its independent distributors. The company was formerly known as QPAGOS and changed its name to Innovative Payment Solutions, Inc. in November 2019. Innovative Payment Solutions, Inc. is based in Calabasas, California.