REGO Payment Architectures, Inc. (“REGO”) (OTCQB:RPMT) today introduced MazoolaSM, a digital-based service allowing children to make purchases using their mobile devices in a secure and protected environment. The MazoolaSM App is uniquely positioned to be the leader in this field, providing a COPPA and GDPR compliant financial platform for 80 million plus children.
Our technology is protected by three patents (System and Method for Virtual Piggy Bank, System and Method for Verifying the Age of an Internet User, and Virtual Piggybank Having Quick Connect) that enables MazoolaSM to provide its COPPA and GDPR compliant service.
With MazoolaSM, children purchase items on-line and in-store, as well as conduct peer-to-peer transfers. Users maintain a digital wallet with cash, savings and investing accounts as a technique to develop financial literacy in an increasingly contactless economy.