Rego Payment Architectures Stock Price, News & Analysis

Rego Payment Architectures (OTCQB:RPMT) has partnered with Capco to enhance its white label banking integration capabilities. This alliance aims to expedite the rollout of its privacy-first super app, MazoolaEnabled®, to over 8,000 banks. As digital wallets are projected to exceed $3.5 trillion by 2023, REGO's solutions, compliant with COPPA and GDPR, address increasing concerns around children's online safety. The partnership leverages Capco's expertise in digital transformation, establishing REGO as a key player in the family-focused fintech landscape.

Mazoola®, the award-winning super app by Rego Payment Architectures, Inc. (OTCQB: RPMT), is set to introduce fractional investing capabilities for children starting June 30, 2022. This service, available for a monthly fee of $3.95, allows kids to buy and manage shares directly from their digital wallets. Brokerage services are provided by Alpaca Securities, ensuring regulatory compliance. This initiative aims to enhance financial literacy among children by enabling them to invest earnings from chores in companies they admire, laying the groundwork for essential money management skills.

Rego Payment Architectures, Inc. (OTCQB:RPMT) has appointed fintech veteran Stuart C. Harvey Jr. as Chairman of its Board of Advisors, enhancing its leadership as it targets growth in the digital wallet market. Harvey, with over 30 years of experience in payments and technology, aims to leverage REGO's unique, COPPA and GDPR certified Mazoola® platform aimed at families. The app is experiencing significant user growth, adding over 1000 new users weekly, and is poised to capitalize on the $3.5 trillion mobile wallet market, catering to the increasing demand for children's digital privacy.

REGO Payment Architectures (OTCQB: RPMT) has announced a strategic partnership with The Reputation Exchange (REPX) to develop financial solutions aimed at families and children in Europe. This Memorandum of Understanding focuses on creating privacy-oriented payment services for youth, enhancing existing REPX customer services, particularly in sports and entertainment sectors. The partnership leverages REPX’s established presence, with ties to renowned football clubs, and aims to expand REGO's award-winning family mobile wallet, Mazoola, across the UK, Italy, and Romania.

REGO Payment Architectures highlights the importance of online safety for children during a recent US House of Representatives hearing. Tech expert Rick Lane emphasized concerns over the collection of personal data from minors through financial apps, especially amidst a loophole allowing data harvesting without parental consent. REGO's Mazoola is noted as the only COPPA-certified digital wallet that prioritizes children's privacy, limiting data collection to essential information. Lane urged Congress to enact stricter online protections as digital wallets become increasingly popular among children.

REGO, announced on Dec. 8, 2021, the importance of teaching children financial literacy using its Mazoola app. The app serves as a safe digital wallet for kids, enabling parents to manage allowances and track spending. According to research, only 20% of college students received financial education, highlighting the need for early lessons in money management. The app encourages responsible spending in a fun, engaging way. In a survey, 50% of kids expressed interest in learning to save, showcasing a demand for financial education tools like Mazoola.

REGO's (OTCQB: RPMT) digital wallet platform, Mazoola℠, aims to educate children on social responsibility and financial habits during the holiday season. The app enables kids to make safe banking transactions, set savings goals, and donate to over 300,000 nonprofits with parental oversight. REGO emphasizes the importance of teaching children about budgeting, generosity, and community support. The app is free to download on both iOS and Android, with a no-cost one-year membership option. The initiative aligns with the upcoming Giving Tuesday, promoting empathy and gratitude among youth.

REGO Payment Architectures, Inc. (OTCQB:RPMT) launched its Mazoola digital wallet, designed to make banking enjoyable for families. The app empowers children aged 7-15 with features that enhance their financial learning, such as chore creation and spending limits set by parents. With COPPA certification, Mazoola prioritizes safety and privacy. Marketing efforts include partnerships with community organizations and targeted ads. The app is available for free, offering a year-long membership and supports financial tracking for youths. The initiative aims to help families better manage finances while fostering financial responsibility.