PHILADELPHIA, May 07, 2012 (BUSINESS WIRE) -- Virtual Piggy, Inc. VPIG +0.88% today announced that it has signed an agreement to provide its e-commerce solution for under 18s to YuuPay, an internationally recognized provider of efficient online and mobile payments.

"Offering Virtual Piggy as a payment enabler to our users gives YuuPay a unique competitive edge in the market," said Gregory Chia, CEO of YuuPay. "Parents around the world want to ensure that their children are conducting secure online financial transactions under their supervision and in our opinion, Virtual Piggy is the only solution that fills that need perfectly."

YuuPay allows merchants to improve operating efficiencies by enabling electronic payments and automated reporting systems on a global scale.

"Partnering with YuuPay brings Virtual Piggy's technology to merchants around the world," said Dr. Jo Webber, Founder and CEO of Virtual Piggy. "