|[June 24, 2014]
Oink Expands Reach in Global Payments with SafetyPay Partnership
LOS ANGELES --(Business Wire)--
Piggy, Inc. (OTCQB:VPIG), provider of Oink, the award-winning
payment technology for families and teens, today announced that it has
partnered with SafetyPay™.
SafetyPay is the ultimate provider of alternative
payment solutions for global e-commerce sites. This unique
technology enables consumers to shop online paying directly from their
bank account in their local currency, allowing them to purchase
merchandise from anywhere in the world. Partnering with this real time
online-banking payment solution will enable Oink to accept local
payments as they rapidly expand into European and Latin markets.
Oink is the only payment technology designed to allow retailers and game
publishers to reach under 21 consumers in a safe, legal and effective
manner compliant with the FTC (News - Alert) and other international regulations. The
innovative technology serves as a digital family wallet that is
available online or via mobile and allows safe, secure transactions -
all within parental controls.
"We're excited to partner with such an innovative technology as Oink to
expand safe and secure transactions for any age group, globally," said
Gustavo Ruiz, CEO at SafetyPay. "Oink offers many unique payment
scenarios that can help retailers and gaming publishers in any country
inrease conversion and engagement rates."
"The importance of real payment flexibility as we expand into new
markets with the Oink technology cannot be underestimated," said Dr. Jo
Webber, CEO & Founder of Oink. "SafetyPay's extensive experience and
knowledge in handling payments in multiple currencies across numerous
platforms make them a valuable partner as we increase our international
For information about Oink visit www.oink.com
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, the first e-commerce solution
that enables kids and teens to manage and spend money within parental
controls. It enables parents to teach financial management through the
use of a secure family wallet. The technology company delivers online
security platforms designed for the Under 21 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 (News - Alert) and on the Web at: www.virtualpiggy.com.
SafetyPay is a real time online-banking payment solution that enables
hundreds of millions of consumers to shop from merchants worldwide and
pay directly from their bank account in their local currency. The
SafetyPay solution is available in the USA, Europe, Canada and Latin
America. SafetyPay guarantees no fraud and no chargebacks while
supporting mobile, call center applications, e-invoices, pay-outs and
promotions. To learn more about SafetyPay, visit http://www.safetypay.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 (News - Alert), and other filings with the SEC.
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