LONDON--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB: VPIG), an innovator in safe youth payments, today announced that it has partnered with Limonetik.
Limonetik is an innovative SaaS payment engine currently used by companies such as PayPal, Groupon and other Top 100 e-merchants. Limonetik offers a frictionless solution that enables easy payment integration as it adapts payment method behavior to fit existing processes and legacy systems, making complex payment operations possible. The partnership will allow Virtual Piggy to be integrated as a payment option on to large e-commerce sites almost instantly.
Virtual Piggy is the only COPPA-compliant payment technology designed to allow retailers and game publishers to reach under 18 consumers in a safe, legal and effective manner. The award-winning technology serves as a family wallet that is available online or via mobile, and is 100% free to use.
“Virtual Piggy is an innovative payment technology that we are excited to bring to our partners,” said Christophe Bourbier, Chairman & Co-Founder at Limonetik. “Their seamless COPPA-compliant technology will be valuable to many of our merchants and gateways looking to expand in the youth market.”
“We are thrilled to partner with Limonetik to expand our international reach,” said Joe Peden, General Manager EMEA at Virtual Piggy. “Our partnership will allow retailers across Europe to be able to effectively reach the valuable youth market online for the first time in a secure and legal manner.”
For information about Virtual Piggy visit www.VirtualPiggy.com
About Virtual Piggy, Inc.
Virtual Piggy, Inc. is the first e-commerce solution that enables kids to manage and spend money within parental controls. It enables parents to teach financial management through the use of a secure family wallet that is available online or via mobile and is 100% free to use. The technology company delivers online security platforms designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com
Safe Harbor Statement
All statements herein other than statements of historical facts are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Such statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. Such factors include, but are not limited to, our ability to raise additional capital, our limited operating history and revenue, our ability to attract and retain qualified personnel, our dependence on third party developers, our ability to develop new services, market acceptance of our services, legislative, regulatory and competitive developments, enforcement of our intellectual property, general economic conditions, as well as other factors set forth under the caption "Risk Factors" in our Forms 10-K filed with the SEC, and other filings with the SEC.
