LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB: VPIG), provider of award-winning payment technology, Oink, today launched a new version of their payments app for Android™ – Google’s open mobile platform.
The Oink app is a free to use app that allows families to setup and manage payments for all family members. Parents can set weekly allowances and teens and tweens can manage their funds using the COPPA compliant Oink payment platform. The new Android app allows parents to monitor their children's spending, and deliver emergency funds instantly. Parents can also freeze and unfreeze the account instantly using the new app.
The Oink 1.0 App is available at: https://play.google.com/store/apps/details?id=com.virtualpiggy.oink
Oink empowers millennials and generation Z to make their own purchasing, saving, and other money management decisions, within set boundaries. The award-winning technology serves as a digital wallet and card that allows for safe, secure and legal transactions.
For information about Oink visit www.oink.com.
About Virtual Piggy, Inc.
Virtual Piggy, is the provider of Oink, a secure online and in-store youth wallet. Oink enables kids and teens to manage and spend money within parental controls while gaining valuable financial management skills. In addition to the Oink Card, named Best in Category in the Head of the Class category of the 2015 Paybefore Awards, the technology company also delivers payment platforms designed for the under 21 age group in the global market and 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, based in Hermosa Beach, CA, is on the Web at: www.virtualpiggy.com and holds three technology patents, US Patent No. 8,762,230, 8,650,621 and 8,812,395.
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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.
