Recommended Reading: July 7, 2017 - eMarketer

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Recommended Reading: July 7, 2017

eMarketer’s scan of the key developments of the day, plus data to make sense of it all

July 7, 2017

Amazon, Dish Network Explore Possible Partnership

The CEOs of Amazon and Dish Network have discussed the possibility of a partnership in the wireless business, perhaps focusing on an internet of things network. But The Wall Street Journal notes that no deal is imminent and it’s unclear whether the two companies will make any moves together.

Uber Halts Service in Helsinki

Uber will “pause” its core UberPop service (the equivalent of UberX elsewhere) in Helsinki—its lone market in Finland—starting on August 15 while it waits for new regulations to come into effect that create “a better environment” for its business there, according to a company blog post. Uber’s luxury service, UberBlack, will continue to operate until the new rules about who can legally drive for UberPop and similar ride-hailing services come into effect in summer 2018.

Smartphone Sales in Indonesia Spiked 13% in Q1

Smartphone sales in Indonesia jumped by 13% year over year in the first quarter of the year, according to new data from International Data Corporation. The data firm reported that 7.3 million smartphones were sold in Indonesia during the first three months of 2017, with Samsung the top-selling smartphone brand. eMarketer estimates there will be 67.1 million smartphone users in Indonesia by the end of the year.

Glitch Hits Several UK Mobile Banking Services

Technical issues with a single credit card processor forced users of several UK-based fintech services to turn to alternative payment methods Thursday. App-only banks and other fintech services including Curve, Loot, Monzo, Revolut and Starling Bank were all reportedly unable to complete users’ purchasing activity for several hours as a result of the processor’s problem, according to Business Insider.

Amazon Funnels More Cash to Its India Operation

Amazon has not been coy about its designs on India’s ecommerce market. The company this week invested $260 million into its India operations, according to regulatory documents uncovered by local financial news outlet Mint. Amazon has pledged to spend a total of $5 billion on its operations in India, with most of that money going to warehouses, marketing costs and discounts on items for sale.

Asian Fintech Firm Omise Buys Paysbuy

Omise, a financial technology services firm based in Thailand, recently acquired digital payments service Paysbuy from mobile service provider DTAC. Omise said the acquisition would help to bolster its own digital payment service, Omise Go. Omise operates in Japan, Indonesia and Thailand, with plans to expand into other Asia-Pacific markets.

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