Los Angeles tech and app public relations firm PMBC Group announced its newest client Oink, a secure online and in-store teen wallet provided by Virtual Piggy Inc. (OTCQB: VPIG). This comes at an exciting time when digital wallets and mobile payments are taking off with Millennials twice as likely to adopt digital wallets in the future. Oink enables these teens to manage and spend money, while acquiring valuable financial management skills in the process through firsthand experience with the Oink card, a prepaid Discover debit card.
Founded by Dr. Jo Webber, Oink is the first and only technology that allows retailers and game publishers to reach this Under-21 age group in a safe, secure and legal manner that is COOPA (Children Online Privacy Protection Act) compliant, FTC approved as well as abiding by international children’s privacy laws, all while providing parental controls. Parents can choose the retailers and game publishers where children can spend their money and the amount of money available.
The Oink Card is accepted at over 7 million locations where Discover is accepted. In addition, Oink offers its more than 1 million users access to rewards and loyalty programs at top retailers including Charlotte Russe, PacSun, Billabong, Volcom, Sephora, Target and Best Buy. Teens interested in making in-game purchases can also do so with their Oink accounts at Wargaming, Fantage and Game Stop, as long as they are within limits.