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Rego Payment Architectures, Inc., along with its subsidiaries, operates as a technology company offering an online and mobile payment platform solution for families. The company's system enables parents and children to manage, allocate funds, track expenditures, savings, and charitable giving through a mobile app and web portal. The payment platform also ensures real-time regulatory compliance and safeguards vendors from inadvertent regulatory violations. Products are offered under the Oink brand name. Founded in 2008, headquartered in Blue Bell, Pennsylvania.
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.
REGO Payment Architectures, Inc. (OTCQB:RPMT) has launched Mazoola, a COPPA-compliant digital wallet platform designed specifically for children. This super app allows parents to manage fund availability for purchases, reward chores, and encourage financial responsibility. Mazoola offers features like Apple Pay and Google Pay integration, charity donations, and extensive parental controls. With a focus on child safety and privacy, the app is available for free on major app stores and currently offers a one-year membership at no cost.
REGO Payment Architectures (OTCQB:RPMT) announced the launch of its MazoolaSM version 3.0 super app on Android, available on Google Play. This app serves as a digital wallet designed for families, ensuring compliance with COPPA and GDPR standards. The app is the first certified COPPA compliant wallet, emphasizing privacy and safety for children during online transactions. CEO Peter Pellulo highlights the product's potential to engage over 70 million Gen Z teens and tweens in digital commerce.
REGO Payment Architectures, Inc. (OTCQB:RPMT) announced the launch of its MazoolaSM version 3.0 super app, available on August 27. The app, which is the first COPPA compliant family mobile wallet, aims to safely facilitate financial literacy among Gen Z children and teens. REGO's technology is backed by three patents, enhancing its competitive edge. CEO Peter Pellulo highlighted the innovative improvements aimed at addressing user needs, amidst a market of over 70 million potential users. The app's launch is supported by a feature on AMC Network’s NewsWatch program.
REGO Payment Architectures, Inc. (OTCQB:RPMT) announced the upcoming feature of its MazoolaSM super app on AMC Network's NewsWatch on August 27, 2021. The segment will showcase MazoolaSM version 3.0, highlighting its features that ensure children can engage in online commerce securely, in compliance with COPPA and GDPR regulations. New updates include enhanced parental controls, virtual debit card integration with ApplePay and GooglePay, and the ability for children to make donations. The company emphasizes its unique position in the digital wallet space, focusing on privacy and safety for children.
REGO Payment Architectures, Inc. (OTCQB:RPMT) announced the launch of MazoolaSM version 3.0, a digital wallet for children, set to release on August 9th. This COPPA and GDPR compliant platform aims to engage over 70 million Gen Z children in digital commerce securely. With three protected patents, the wallet allows children to conduct transactions while prioritizing privacy. Features include peer-to-peer transfers, expanded parental controls, and financial literacy tools. CEO Peter S. Pelullo highlights its unique positioning in the family neobanking sector.
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