REGO Payment Architectures, Inc. Announces Mazoola Available for Android in Google Play Store

Rhea-AI Summary

REGO Payment Architectures, Inc. (RPMT) has launched its Mazoola^SM Digital Family Wallet on the Google Play Store, expanding its reach to Android users. This COPPA-compliant app allows children to make purchases safely through mobile devices. Available for Android devices running version 7 or higher, Mazoola^SM includes all the features available on its iPhone counterpart. CEO Peter S. Pelullo emphasized that this launch enables the app to target nearly 100% of the mobile market, marking a significant step in their business development.

Positive

• Expansion of Mazoola^SM to Android devices increases market reach.
• Launch enhances user accessibility, targeting nearly 100% of the mobile market.

Negative

• None.

BLUE BELL, Pa., Feb. 25, 2021 (GLOBE NEWSWIRE) -- REGO Payment Architectures, Inc. (“REGO”) (OTCQB:RPMT), provider of an all digital-based service allowing children to make purchases anytime, from anywhere using their mobile devices, today announced Mazoola^SM is now available in the Google Play Store.

Our Mazoola^SM Digital Family Wallet, COPPA compliant technology is now available for Android devices.  With the same features as our iPhone version, Mazoola^SM provides parents a safe and user friendly app on the Android platform. 

Parents and children with Android devices greater than version 7 are now able to download Mazoola^SM from the Google Play Store.  

Peter S. Pelullo, CEO, stated “With this latest development, Mazoola^SM is able to address nearly 100% of the mobile market.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6eefe00b-f493-4e92-a919-390876d09b6c

https://gs.statcounter.com/os-market-share/mobile/united-states-of-america 

Safe Harbor Statement
The information in this press release may contain forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about us that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, the absence of any material operating history or revenue, our ability to attract and retain qualified personnel, our ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of our services and products, our limited experience in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other risks as described by us in Item 1.A “Risk Factors” in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company’s control.

All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. The Company has no obligation to and does not undertake to update, revise, or correct any of these forward-looking statements after the date of this report.

About REGO Payment Architectures, Inc.
REGO is a digital solution that enables children to stay safe in today’s tech-first environment. The REGO Digital Wallet platform, Mazoola^SM, allows parents and guardians to enable online shopping or digital spending at approved retailers, control what funds are available for which purchases, and reward children or pay allowance via the app. REGO is an innovative financial platform uniquely positioned due to its Children’s Online Privacy Protection Act (COPPA) and General Data Protection Regulation (GDPR) compliance. Visit us at regopayments.com.

Media Contact:

Scott A. McPherson

REGO Payment Architectures, Inc.
325 Sentry Parkway, Suite 200
Blue Bell, PA 19422
pr@regopayments.com
(o) 267-465-7530

 

FAQ

What is the latest update about REGO Payment Architectures, Inc.?

REGO Payment Architectures, Inc. has launched its Mazoola^SM Digital Family Wallet on the Google Play Store, expanding to Android users.

What features does Mazoola^SM offer for Android users?

Mazoola^SM provides COPPA-compliant features similar to its iPhone version, allowing safe digital transactions for children.

How does the launch of Mazoola^SM on Android impact REGO's market reach?

The launch enables REGO to address nearly 100% of the mobile market, significantly increasing its accessibility to users.

What are the requirements for downloading Mazoola^SM on Android?

Mazoola^SM is available for Android devices that run version 7 or higher.