Rego Payment Architectures, Inc. announces Mazoola® Super App Offers Children Opportunity to Buy and Trade Equities through Fractional Investing

Rhea-AI Summary

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.

Positive

• Launch of fractional investing capabilities aimed at children enhances user engagement and market reach.
• Monthly service fee of $3.95 is affordable for families, increasing adoption potential.
• Partnership with Alpaca Securities adds credibility and compliance assurance.

Negative

• None.

Mazoola® offers Fractional Investing Capability, starting June 30, 2022

Rego Payment Architectures Inc, patented privacy-first platform and award winning super app, Mazoola® recognized as first and only COPPA and GDPR certified family mobile wallet

BLUE BELL, Pa., April 26, 2022 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) is excited to take financial literacy to the next level, by offering children an opportunity to invest in equities through its award winning, privacy-first super app, Mazoola®. Beginning, June 30^th, Mazoola® will offer subscribers an option to buy and sell fractional shares through a simple interface integrated to their digital wallets. Children interested in investing in their favorite gaming companies, retailers or device manufacturers will now have an opportunity to buy, sell and manage shares directly from their Mazoola® digital savings or earnings accounts. The new capability will be offered for a $3.95 a month service fee. Brokerage services are provided by Alpaca Securities LLC (“Alpaca Securities”), a member of Financial Industry Regulatory Authority, Inc. (FINRA) and Securities Investor Protection Corporation (SIPC). Alpaca is a developer-first technology company building APIs for embedded fintech.

“Global equity trading has reached nearly $40 trillion U.S. dollars,” said Steven Kravit, Head of Product. “Children are interested in investing for their futures, but current options have been limited for children under age 18. With Mazoola®, they now have the option to take monies earned from doing chores and make fractional investments. With a mock investing module, parents can teach their kids how a few dollars invested today may grow to a sizable amount and then set them loose to try on their own in a safe and secure environment offered by Mazoola®. Kids may not necessarily become the next Wall Street portfolio manager, but getting them started now helps set the foundation for essential money management skills and a baseline to understanding of investment vehicles as they grow older.”

About REGO
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.

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.

Media Contact:

Jonathan Stidd

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

FAQ

What is Mazoola® and what new feature is launching on June 30, 2022?

Mazoola® is a super app by Rego Payment Architectures that will launch fractional investing capabilities for children on June 30, 2022.

How much does it cost to access fractional investing through Mazoola®?

The monthly fee for accessing fractional investing through Mazoola® is $3.95.

What age group is targeted by the new fractional investing feature in Mazoola®?

The new fractional investing feature is designed specifically for children under the age of 18.

Who provides brokerage services for Mazoola®'s fractional investing?

Brokerage services for Mazoola®'s fractional investing are provided by Alpaca Securities.

How does the fractional investing feature help children learn about financial literacy?

The feature allows children to invest money earned from chores, helping them learn essential money management skills.