[1] The company was founded by Joaquín Ayuso de Pául, who previously created and sold Tuenti, a Spanish social networking site.
[5] Kuapay was available both in the U.S. and internationally with significant merchant adoption in Santa Monica, California, New York City, Chile, Spain, Colombia, Panama, and the United Kingdom, with trials including franchises such as KFC, and Telepizza.
[6][7][8] The Kuapay system allowed consumers to present a one-time QR code to a merchant, authorize a purchase, and receive a receipt.
Credit card information was not transmitted in the QR code, increasing safety.
[9] The company was based in Santa Monica, California with offices in New York City, Santiago, Chile, and Madrid, Spain.