Virtual Piggy promotes financial management while empowering youth under 18 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. The technology serves as a family wallet that is available online or via mobile, and is always 100% free to use. The two main areas for teen and tween purchases online are clothing & accessories, and gaming. Virtual Piggy continues to integrate with retailers and game publishers in the US and Europe. In Q3, Virtual Piggy entered into co-marketing initiatives with Claire’s www.claires.com and Habbo Hotel (Sulake) www.habbo.com.
Habbo Hotel currently has over 290 million registered characters in 150 countries and a user base composed 90% with 13-18 year olds. Virtual Piggy also entered into a marketing agreement with InComm in early Q3 to deliver digital gift cards through Virtual Piggy’s e commerce operation. This allows parents, grandparents, aunts, uncles and friends to easily purchase and send digital gift cards from major brands directly to users of Virtual Piggy.
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