-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DB1QCVZU1gHkR7Jh3BbjOjlrco/rEz2El4kS9U80TRMLELOLaD7xwFFx1OLBbJlP
 EN5+/IyeoFouaRW9XIvhBA==

<SEC-DOCUMENT>0001209191-08-008304.txt : 20080207
<SEC-HEADER>0001209191-08-008304.hdr.sgml : 20080207
<ACCEPTANCE-DATETIME>20080207130935
ACCESSION NUMBER:		0001209191-08-008304
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071231
FILED AS OF DATE:		20080207
DATE AS OF CHANGE:		20080207

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Jozoff Malcolm
		CENTRAL INDEX KEY:			0001388563

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33105
		FILM NUMBER:		08584231

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		480 348-2665

	MAIL ADDRESS:	
		STREET 1:		7550 E REDFIELD RD
		STREET 2:		SUITE A
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85260

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QUEPASA CORP
		CENTRAL INDEX KEY:			0001078099
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				860879433
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		7550 E REDFIELD ROAD
		STREET 2:		SUITE A
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85260
		BUSINESS PHONE:		408-348-2665

	MAIL ADDRESS:	
		STREET 1:		7550 E REDFIELD ROAD
		STREET 2:		SUITE A
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85260

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUEPASA COM INC
		DATE OF NAME CHANGE:	19990310
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bpx74950_bpx1mj4.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-12-31</periodOfReport>

    <issuer>
        <issuerCik>0001078099</issuerCik>
        <issuerName>QUEPASA CORP</issuerName>
        <issuerTradingSymbol>QPSA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001388563</rptOwnerCik>
            <rptOwnerName>Jozoff Malcolm</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7550 E. REDFIELD RD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE A</rptOwnerStreet2>
            <rptOwnerCity>SCOTTSDALE</rptOwnerCity>
            <rptOwnerState>AZ</rptOwnerState>
            <rptOwnerZipCode>85260</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1875</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>67600</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <ownerSignature>
        <signatureName>/s/ Malcolm Jozoff</signatureName>
        <signatureDate>2008-02-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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