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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Net Revenue
Cost of Goods Sold
Gross profit
General and administrative 10,284,815 1,742,008
Depreciation 17,935 12,500
Total Expense 10,302,750 1,754,508
Loss from Operations (10,302,750) (1,754,508)
Investment impairment charge (1,019,960)
Loss on debt conversion (5,498,820) (433,610)
Loss on settlement of liabilities (95,082)
Debt extension fee (40,000)
Forgiveness of federal relief loans 60,292
Interest expense, net (228,240) (381,034)
Amortization of debt discount (3,653,652) (1,065,879)
Derivative liability movements 5,128,255 (654,471)
Loss before taxation (14,494,915) (5,444,544)
Taxation
Net loss (14,494,915) (5,444,544)
Net loss attributable to non-controlling interest 12,789
Net loss attributable Innovative Payment Solutions, Inc. Stockholders’ $ (14,482,126) $ (5,444,544)
Basic and diluted loss per share (in Dollars per share) $ (0.04) $ (0.03)
Weighted Average Number of Shares Outstanding - Basic and diluted (in Shares) 334,343,830 171,391,733