Why zar Is Trending Today?

According to the World Bank, nearly 1.7 billion adults worldwide remain unbanked, lacking access to basic financial services. This figure represents a significant challenge in achieving global financial inclusion. The report highlights that women are disproportionately affected, with 1 billion unbanked women compared to 700 million unbanked men. The COVID-19 pandemic has exacerbated this issue, with the unbanked population facing difficulties in receiving government aid and making digital payments.

Former employees of SpaceX and X have raised $9 million for Standard Economics, a platform aimed at serving the unbanked population. Additionally, venture capital firm Andreessen Horowitz (a16z) has led a $12.9 million round for ZAR, a company focused on bringing stablecoins to Pakistan's unbanked population.