Innovative Payment Solutions, Inc. announced that a veteran business leader Robert G. Pedersen II has joined the Company's Advisory Board. Mr. Pedersen has extensive experience in operations, marketing, and financial management. Mr. Pedersen is currently an executive with privately held Cariloha, LLC (sister company of Del Sol), a retailer chain with more than 50 store locations worldwide. Prior to Cariloha, Mr. Pedersen was co-founder, CEO and Chairman of ZAGG, Inc, a mobile consumer electronics company. Under Mr. Pedersen’s leadership ZAGG flourished, and in less than 8 years the company went from a start-up, to generating over $265 million in annual revenue.