Parents Can Set Kids Up for Success in 2022 by Teaching Them How to Budget and Save Money with Mazoola (SM)

BLUE BELL, Pa., Dec. 8, 2021 /PRNewswire/ -- It's almost 2022, and a new year means setting new goals and creating new budgets – this includes kids, too! Based on the current economic climate, it's more important than ever to teach kids how to budget and save money, and there's no better tool than REGO's super app, Mazoola℠, a family digital wallet that puts kids' privacy first.

The earlier that children learn about finances, the less mistakes they'll make when they reach adulthood. Research from College Pulse shows that only one in five college students were taught about financial literacy. With Mazoola, kids get an early start on learning and preparing for future financial success in a safe, fun, and interactive way. Mazoola allows parents to assign chores, reward desired behaviors and automatically distribute allowances - all from their mobile phone. The super app easily tracks how much money children have earned to help them learn to save for what matters most and empower them to make their own decisions.

"The start of the year is the perfect time to get kids excited about budgeting and saving money," said REGO Head of Strategy Dan Aptor. "Parents can collaborate with their children to help them learn how to manage their money responsibly. Mazoola is designed specifically with that in mind, but in a safe space where kids can make mistakes without getting into any real financial trouble."

Based on T. Rowe Price's 13th Annual Parents, Kids & Money Survey, 50% of kids responded that they want to be taught how to save money, and 39% of kids said they want to understand how much money things cost. The Mazoola app was designed by parents to teach kids essential money management skills while building confidence and long-lasting financial habits in a safe environment.

Add "Download and use Mazoola with my kids" to your 2022 New Year's Resolutions list and help improve these statistics around financial literacy among children, so that they can grow up to become fiscally responsible adults. Parents can download Mazoola for free in Apple's App Store and Google Play Store. Download today to get a one-year subscription for free with no contracts or strings attached.

Find out more about how Mazoola can help at mazoola.co. Follow the conversation on Instagram and Facebook (@Mazoolawallet).

About REGO Payment Architectures, Inc. 
REGO ("REGO") (OTCQB:RPMT) is a digital solution that enables children to stay safe in today's tech-first environment. The REGO Digital Wallet platform, Mazoola, allows parents and guardians to enable online shopping or digital spending at approved retailers, control what funds are available for which purchases, and reward children or pay allowance via the app. REGO is an innovative financial platform uniquely positioned due to its Children's Online Privacy Protection Act (COPPA) and General Data Protection Regulation (GDPR) compliance. Visit us at regopayments.com.

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The information in this press release may contain forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about us that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, the absence of any material operating history or revenue, our ability to attract and retain qualified personnel, our ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of our services and products, our limited experience in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other risks as described by us in Item 1.A "Risk Factors" in our most recent Form 10-K; other risks to which our Company is subject; other factors beyond the Company's control.

All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. The Company has no obligation to and does not undertake to update, revise, or correct any of these forward-looking statements after the date of this report.

SOURCE REGO Payment Architectures, Inc. (“REGO”)

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