Virtual Piggy, a US-based safe youth payments innovator , has teamed up with international payment and business development platform, Payelp Global, to expand its technology to their large network of merchants.
Currently used by companies such as Valve, Riot Games, Skype, Apple iTunes, and PayPal, the payment service of Payelp Global processes more than 446,000 transactions per minute and is available in over 74 countries on 300 different payment gateways.
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Payelp said that the safe youth payments technology of Virtual Piggy will be integrated into its framework. Virtual Piggy’s technology is designed to allow retailers and game publishers to reach under 18 consumers in a safe, legal and effective manner.
Serving as a family wallet, Virtual Piggy will develop financial management while enabling youth under 18 to make purchasing, saving and other money management decisions for them, within a parental controlled environment.
Virtual Piggy CEO and founder, Jo Webber, said: "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."
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By GlobalData
