REGO Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced it has signed a Memorandum of Understanding (“MOU”) with The Reputation Exchange, Plc (“REPX”). The MOU proposes the two companies will mutually work to create white labeled, financial offerings for families and children across the United Kingdom, Italy and Romania. The two companies are prepared to develop privacy-first oriented payment solutions to ensure children under 18 years old have a safe and secure environment to conduct commerce as they build their financial literacy. The MOU also mentions enhanced services to existing REPX customers, which will help to positively develop new partnership opportunities for REPX and its rich portfolio of commercial clientele. Particularly, in the sports and entertainment market where there is a growing demand for younger fans that have a passion for sports and entertainment, just like their parents and guardians, and would benefit from a youth card that REPX can link to their favorite sports club or brand.
REPX is already an established player in this market, through products and a series of technologically advanced applications, all based on registered patents, and an innovative business model that allows sports clubs, entertainment and sports stars, celebrities, influencers, brands and cities with high tourist appeal to have their own personalized prepaid card. Along with a special App that allows customers to connect with their followers, this innovative product boasts a significant potential increase in fan engagement. Reaching its target of nearly half a billion fans in soccer and Esports, the fintech has already signed partnerships with 15 top internationally recognized football clubs, including Real Madrid CF, A.C. Milan, A.S. Roma, BVB Borussia Dortmund, Granada CF and Wolverhampton Wanders F.C., growing rapidly on its way in achieving unicorn status.