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Binance launches its AI trading tool worldwide after a 150,000-user beta, giving its global customer base access to advanced AI-driven trading features. Binance cements its lead in crypto trading innovation, prompting rival exchanges such as Coinbase and Kraken to accelerate their own AI integrations or risk losing active traders to Binance’s ecosystem.
The Central Bank of Bahrain will triple its technology investment over the next three years to attract more fintech and banking operations. Regional banks and fintechs, including Gulf International Bank and Rain, are likely to fast-track partnerships and regional expansion to leverage Bahrain’s upgraded infrastructure and regulatory support.
Source: FinextraSBI Group, Mesh Connect, and Money Forward are launching a digital asset joint venture to expand tokenized product offerings in Japan. The partnership enables institutional investors to access new digital asset classes, and Japanese regulators are expected to introduce updated guidelines to support these products as the venture launches.
Source: FinextraWEX and Mastercard have launched a new fleet payments network across Asia-Pacific, offering integrated payment and management solutions for logistics companies. Fleet operators in the region can now streamline expense tracking and fuel payments, while local payment processors and banks must upgrade their digital fleet offerings to remain competitive.
Source: FinextraAuckland-based Qippay has raised NZ$25 million from All Roads Wholesale Fund, which now holds a 25% stake in the company. As Qippay accelerates product development and market expansion, New Zealand banks and payment providers are likely to launch new digital payment features and loyalty integrations to defend market share.
Source: Finextra“M-Pesa’s early success in Kenya led to a 20% drop in households living below the poverty line, as entire communities began using mobile money for savings and microloans.
Filed under: Payments History · The Long Memory
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