REGO Payment Architectures, Inc. Announces Mazoola’s(SM) Super App Available in Apple App Store
August 20, 2021 at 07:00 am EDT
Share
REGO Payment Architectures Inc. announced its MazoolaSM version 3.0 super app will be available in Apple’s App Store starting on, August 27, 2021. The release date coincides with Mazoola’sSM debut on AMC Network’s NewsWatch program, which airs at 7AM EST, in 95 million households. The newly introduced version is a significant departure from version 1, offering numerous new features and upgrade capabilities, and positions MazoolaSM to stand out in a highly competitive marketplace. As the first and only independently certified COPPA compliant family mobile wallet, the super app continues to be “Powered by Privacy” ensuring that Gen Z Kids and Teens can safely and securely participate in commerce and an evolving digital economy. Rego’s 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. This 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. Children maintain a digital wallet with cash, savings and accounts to develop financial literacy in an increasingly contactless economy.
REGO Payment Architectures, Inc. is a provider of consumer software that delivers a mobile payment platform, Mazoola, which is a family focused mobile banking solution. The Company offers an all-digital financial payments platform to enable minors, particularly under 13 years old, to transact, complete chores and learn in a secure online environment guided by parental permission, oversight, and control. Its platform can be easily duplicated/commoditized, such as the app skin, Application programming interface (APIs) to retailers, APIs to financial infrastructure, and cloud storage. The Mazoola app and associated digital wallet technology is designed to enable partners to engage families with Gen Z and Gen Alpha youths through a money management, transactional and financial literacy platform that enables young people to make smart decisions. It is also analyzing specific components of technology for individual monetization as well as exploring opportunities in the B2B realm.