Finovate Spring 2013: Virtual Piggy Is A Safe Payments System For Your Kids To Spend Their Allowance [Video Interview]

The money parents give their children in allowances is a huge sum annually, but for kids to use that money to spend it online is a problem because of privacy and lack of payment options.

Virtual Piggy was created by Jo Webber to solve this and provides a solution that is COPPA compliant (Children’s Online Privacy Protection Act) thus a solution for parents, children, and merchants alike.

In this interview Jo explains the services and demo’s the app that kids and teenagers use: