NOTES PAYABLE

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

NOTES PAYABLE

9 NOTES PAYABLE

Notes payable consisted of the following as of June 30, 2016 and December 31, 2015, respectively:

Description	Interest Rate			Maturity	June 30, 2016		December 31, 2015
YP Holdings LLC
Principal		12	%	December 31, 2015		100,000		100,000
Accrued interest						9,307		3,320
Total Short term notes payable					$	109,307	$	103,320

YP Holdings LLC

On September 21, 2015, Qpagos Corporation borrowed $100,000 from YP Holdings LLC, pursuant to an unsecured loan agreement. The unpaid balance and any accrued interest was due on December 31, 2015. The loan bears interest at a rate of 12%. The debt remains outstanding as of the date of this report and is expected to be settled during the current year.