Brief information ZAR
The online wallet ZAR is a mobile fintech service designed to help users receive, hold, transfer and spend digital US dollars.
Its distinguishing feature is the connection between a self-custodial digital wallet and everyday payment services: users control their digital assets while accessing bank transfers and cards through external providers. The terms specify USDC on Solana as the settlement asset. Available features depend on the country.
The reviewed official pages do not specify its launch date. Its privacy policy is dated August 11, 2024. The legal documents identify the operator as Golden Age Dev Lab Pte Ltd, a Singapore entity with reg.num. 202425161D. The terms are governed by Singapore law.
ZAR states that it works with licensed partners, without naming a direct regulator for the wallet operator. It describes itself as a technology company rather than a bank. SSB handles the banking side of the service and participates in the FDIC deposit insurance program.
The service manages:
zar.app
apps.apple.com/gb/app/zar-global-usd-wallet-card/id6670760051;
play.google.com/store/apps/details?id=com.mobile.zarpay&utm_source=chatgpt.com.
Golden Age Dev Lab Pte Ltd lists its company address as 2 Venture Drive, #19-21, Singapore 608526. General enquiries can be sent to hello@zarpay.app, while customer support uses contact@zarpay.app. The company provides the support phone number +1 754 400 0072.
List of сurrencies supported by ZAR
ZAR wallet focuses on USD balances, with USDC on Solana used for settlement. Its terms also mention possible USDT deposits that are converted into USDC. The website advertises Bitcoin and digital gold features, but does not identify the gold token. Neither Google Play nor the App Store description provides a complete list of supported assets or local currencies.
Key Features of the ZAR
The online wallet ZAR combines a
digital dollar wallet,
sending money to other ZAR customers;
receiving USD payments using bank details supplied through the service;
moving funds to a domestic bank account;
obtaining digital dollars in exchange for cash at participating shops;
paying online and in stores with a virtual Visa linked to Apple Pay or Google Pay.
ZAR also states that the Circle-issued dollars used by the service have reserve backing and publicly disclosed reserve holdings.
Registration Process on zar.app
To register on the service, users have to download the app through the official website and create an account.
Bank connectivity and card services require KYC/AML verification.
Requested details can include a name, date of birth, nationality, country of residence and user's photo ID, such as a passport or driving licence. Only one account per user is permitted.
Deposits and withdrawals with ZAR
Funding methods include
USD bank transfers,
local cash through merchants,
supported stablecoin deposits.
Withdrawals are available to local bank accounts. There is a 0% fee for incoming ACH transfers and a $10 fee for each incoming bank transfer. Transfers between users in ZAR and the issuance of virtual cards are free of charge. Other fees depend on the market and transfer method and are displayed before confirmation.
Conclusion about ZAR
The company ZAR provides a mobile way to receive, hold and spend digital dollars, combining stablecoins with partner banking and card services. Available methods, fees and limits depend on the user’s country and chosen service.
