Mazoola is the first and only independently certified COPPA compliant family mobile wallet. The Children’s Online Privacy Protection Act (“COPPA”) and the General Data Protection Regulation (“GDPR”) compliance drive world-class privacy and consent policy features
REGO Payment Architectures, Inc. (“REGO”) (OTCQB:RPMT) and its super app digital wallet platform, Mazoola,SM allows parents and guardians to enable online and in-person shopping and digital spending capabilities for their kids at approved retailers, control what funds are available for which purchases, reward completed chores, pay an allowance, and encourage social responsibility.
As mobile wallet adoption continues to rapidly increase, child privacy is a critical concern. Mazoola is the first and only independently certified COPPA compliant family mobile wallet. The super app is “Powered by Privacy,” ensuring that kids and teens can safely and securely participate in commerce in an evolving digital economy.
“Mazoola was built from the ground up – by parents concerned about exposure of unregulated marketing, concerned that their child’s personal information would fall in the wrong hands,” said REGO Head of Strategy Dan Aptor. “We are not simply another Digital Debit Card. Our mission is simple – give kids the power of a mobile wallet, teach them about money management, but power our solution with privacy to ensure they always remain safe – because a child’s privacy matters.”
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 Mazoola to provide its COPPA and GDPR compliant service. In an increasingly contactless economy, Mazoola offers a variety of valuable capabilities such as immediate access to account (no physical cards), one-click integration with Apple Pay and Google Pay, charitable giving to over 300,000 nonprofit organizations, extensive parental and guardian controls, robust reward and goal management and non-nuclear family enrollment for dual parenting.
Mazoola is available as a free download in Apple’s App Store and Google Play Store and is currently offering families a one-year membership at no cost with the ability to cancel anytime. The app easily tracks how much money kids and teens have earned to help them learn to save for what matters most. To find out more about Mazoola, head to mazzoola.co and follow the conversation on Instagram (@mazoolawallet) and Facebook (facebook.com/Mazoolawallet).
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