LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB: VPIG), an innovator in safe youth payments, today announced that it has partnered with Payelp Global, bringing its technology to their large network of merchants.
Payelp Global is a revolutionary e-commerce and business development platform, currently used by companies such as Valve, Riot Games, Skype, Apple iTunes, and PayPal. Their payment service processes over 446,000 transactions per minute and is available in over 74 countries on 300 different payment gateways. Virtual Piggy will integrate directly into the Payelp framework.
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 promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within a parental controlled environment.
“We’re very delighted to partner with Virtual Piggy,” said Albert Donahue, CEO at Payelp Global. “In my opinion, Virtual Piggy is the most effective way to monetize online games within the teen and tween market and generate increased engagement within that age group. More importantly, Virtual Piggy allows younger gamers to play and transact online in a safe and secure manner while keeping the parents in control.”
“Payelp Global is an excellent partner that will drastically increase the global reach of our technology,” said Dr. Jo Webber, CEO & Founder at Virtual Piggy. “As we continue our international expansion, we’re very excited about the ease of integration we’ll be able to offer within the 74 countries Payelp serves and continue keeping the younger gaming market safe as they play and transact online.”
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.
About Payelp Global:
Payelp helps online retailers and businesses grow e-commerce revenue worldwide, offering merchants over 300 payment gateways worldwide with just one contract with Payelp. Online retailers can accept credit cards, PayPal, direct debit, Virtual Visa (Qiwi Virtual Visa™), payments from kiosks, cash transfer, prepaid and gift cards, mobile payments and more - with one low fee per transaction. Payelp doesn’t charge merchants start-up fees, monthly or minimum transaction fees - just one low transaction fee, with PCI-DSS card security compliance, fraud and chargeback protection, 24/7 multilingual merchant and customer support, payment data analytics, as well as a suite of auxiliary services such as business licensing, tax and currency management, logistics, web site localization and marketing, and more.
For payment providers, Payelp offers the Global Service Gateway™, the only product of its kind- offering payment companies and merchants the ability to connect with thousands of other payment gateways, offer platforms, mobile operators, merchants and more - with two-way integration, all through one gateway (GSG™). Contact Payelp Global today for more information or to apply for a merchant account at bizdev(at)payelp(dot)com or visit us online at http://www.payelp.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.
