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 30th, 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, MazoolaSM, 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.
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Media Contact:
Jonathan Stidd
REGO Payment Architectures, Inc.
325 Sentry Parkway, Suite 200
Blue Bell, PA 19422
pr@regopayments.com
(o) 267-465-7530
