BLUE BELL, PA — Rego Payment Architectures, Inc. (OTCQB: RPMT), a digital wallet platform provider for financial institutions, announced the launch of fractional investments. Financial institutions who use REGO’s certified COPPA and GDPR-compliant family digital wallet can now provide their users and their children the ability to buy and sell fractional shares in an easy-to-use interface.
“At REGO, we’re constantly developing ways to help banks and credit unions offer the best financial literacy tools to their customers’ children,” said Peter S. Pelullo, CEO and co-founder of REGO. “Now parents can teach their kids how to spend, save, donate and invest on the REGO platform, offered directly from their financial institution.”
With REGO, children can now take their earnings from chores and allowances and make fractional investments. REGO’s platform features a mock investing module that allows parents to teach their children about the power of investing, illustrating how even a few dollars invested today may grow significantly in the future. With parents’ guidance and control, children can learn to invest in a safe and secure environment provided by REGO, promoting financial literacy and independence.
To provide the capability of fractional investing, REGO has partnered with Andes Capital Group, a Chicago-based investment firm with a mission to deliver innovative financial services, as the broker for these transactions. “We founded Andes Capital to deliver innovative investment strategies,” said Curtis L. Spears, president and CEO of Andes Capital Group. “We’re excited to partner with REGO to empower the next generation of financially savvy leaders.”
A recent study by the National Financial Educators Council stated that the lack of financial literacy cost survey respondents as much as $10,000 in 2022. In addition to providing secure financial transactions for children, REGO’s platform also includes educational content to help kids learn about basic financial concepts, like investing.
For more information, visit www.regopayments.com.
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