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Will This Payment App Make You Ditch Your Wallet?

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This story appears in the December 2011 issue of Entrepreneur. Subscribe »

Joaquin Ayuso is betting on the future of virtual mobile payments. Early this year, the Spanish-born tech entrepreneur launched Kuapay, an app that allows users to make secure credit card purchases in stores with a smartphone. Users can enter multiple credit cards into the system; they then present participating merchants with a QR code displayed on their phone. The merchants scan the code, and the phone automatically saves the receipt.

Related: A Look at Popular Mobile Payment Systems

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