Rego Payment Architectures Inc (OTCMKTS:RPMT) is a leader in the white label family digital wallet platform providing space meant for financial institutions and yesterday the company made a major new announcement.
On Wednesday, RPMT stock jumped 1.71% to $1.1900 with more than 31.46K shares, compared to volume of 62.44K shares. The stock moved within a range of $1.1600 – 1.2200 after opening trade at $1.1700.
Rego Payment Architectures, Inc. Expands Family Digital Wallet Offering With Fractional Stock Investment Capability
On Wednesday, the company announced that it had launched fractional investments. In this regard it should be noted that many financial institutions use the COPPA and GDPR compliant family digital wallets which are certified by Rego Payment Architectures. Those financial institutions would not be able to provide its clients and their children with the ability of buying or selling fractional shares in an interface that is user friendly.
Peter S Pelullo, the Chief Executive Officer and co-founder of Rego Payment Architectures, spoke about the latest move from the company. He noted that the company was constantly on the lookout developing ways in which it could help credit unions and banks so that they could offer the best possible financial literacy tools to the children of their customers. This new service would also help clients in figuring out how to teach their children regarding the ways in which they can save, spend, donate and invest in a responsible fashion. The services would be offered directly by the financial institutions.