LOS ANGELES--(BUSINESS WIRE)--Virtual Piggy, Inc. (OTCQB:VPIG), provider of innovative payment technology, Oink, today announced that it has a signed a partnership with Smilegate West, a subsidiary of Smilegate Inc, Korean Gaming PowerhouseOink will provide Smilegate players with a safe and secure payment option when making purchases in its game library. which includes CrossFire, the world’s number one free-to-play online game. CrossFire, published by a Chinese publishing company Tencent (0700.HK), boasts 400 million registered users and generated nearly $1 billion in revenue last year.
“We feel that it is important for us to partner with a company like Oink that provides a layer of protection for customers for in-app and online payment options for currency and virtual goods,” said Binna Park, Director of Global Business Development, Smilegate West. “Oink’s ability to provide a digital wallet for all of our customers will allow us to expand business opportunities with our titles, while at the same time keeping our fans’ transactions safe and secure.”
The deal with SmileGate marks the latest in a number of video game partnerships that Oink has formed in 2014. Since the start of the Electronic Entertainment Expo (E3) 2014 held in June, Oink has partnered with a number of video game companies including Wargaming, Ubisoft and Woozworld to deliver payment solutions for teens and their parents.
"Our partnership with SmileGate marks an important milestone for Oink as a company,” said Dr. Jo Webber, CEO and Founder of Oink. “It allows us the opportunity to further extend our reach to provide secure payment options for fans of video games and a layer of protection for their parents.”
Oink is the only payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner compliant with the FTC and other international regulations. The innovative technology serves as a digital family wallet that is available online or via mobile and allows safe, secure transactions – all within parental controls.
Smilegate is an online game company that has been around for a decade. This year marks their 10th anniversary. They created an online FPS game, called CrossFire, that has been ranked number one worldwide. A number of game development projects of various genres, including FPS,MMORPG, sports and action are in progress and they are competent to develop the very best with their experiences from their successful game, CrossFire, which was sold in 60 countries with 5 million simultaneous PCCU. Smilegate is jumping up to be the number one game company in the world with a dream and the passion to make games that can be loved by the world for a long time. More information can be found at www.smilegate.com.
About Virtual Piggy, Inc.
Virtual Piggy is the provider of Oink, the first e-commerce solution that enables kids and teens to manage and spend money within parental controls. It enables parents to teach financial management through the use of a secure family wallet. The technology company delivers online security platforms designed for the Under 21 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. The company is based in Hermosa Beach, CA and on the Web at: www.virtualpiggy.com.