Virtual Piggy, Inc. (OTCBB: VPIG), an innovator in safe youth payments, today announced the addition of WorldPay as a payment gateway partner.
Virtual Piggy allows parents to set up a monthly allowance for their children and promotes financial management while empowering under 18's to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents.
WorldPay is a major global leader in payment processing, handling an average of over 12 million transactions per day. WorldPay was the first UK bank to offer a full internet banking service and now operates in over 40 countries, making it one of Europe's largest payment service providers. The company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing.
Only weeks after announcing that they had signed a Joint Marketing Agreement, Virtual Piggy and WorldPay have completed the integration of their solutions. Virtual Piggy is also already integrated with leading commercial eCommerce platforms such as Magento from eBay, DemandWare and osCommerce. The addition of the WorldPay, with its 200 alternative payment mechanisms as a new standard payment gateway facilitates the global expansion of Virtual Piggy, especially into regions where the use of credit cards is not as ubiquitous as it is in the US and the UK.
David Drever, VP Global Partnerships for WorldPay explained, "Like many other organisations in the payment sector we had been tracking the dynamic growth of Virtual Piggy. We are delighted that both our organizations will be able to offer each other's products to our existing and future customers as a simple plugin solution."
"WorldPay has the enviable position as a market leader in alternative payment options," said Joe Peden, General Manager of Virtual Piggy EMEA. "We already have customers in the UK for whom WorldPay will be their preferred payment option. As we expand our European operations our WorldPay integration will be deployed in even more merchant eCommerce stores and games."