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26 I Companies & Markets bne July 2019
visits to pirate sites in 2017. In November 2018 Russian TV holdings, online streaming services, and largest content producers signed a landmark anti-piracy memorandum.
The biggest achievement of the agreement is the commitment of internet major Yandex to remove links
with pirated content from its search results. Russian rights holders and producers reportedly celebrated another major victory having forced online streaming platforms to start using the Nielsen database as a united system for recording the number of online views.
Hungarian startup to revolutionise parking
Levente Szilagyi in Budapest
Hungarian startup Parkour Technologies has developed a seamless drive-through payment app called Rollet that could revolutionise the way motorists pay for parking.
The developer of the app was founded in 2017 from a HUF124mn (€385mn) capital investment by state-owned venture capital fund Hiventures. It has attracted some HUF600mn from other investors.
The unique selling point of the service is that payment is made through the "visual identity" of the car, which allows motorists to seamlessly enter and exit a garage as payments are automatically handled behind the scenes.
As the car approaches the parking gate, it opens automatically after the parking fee is deducted.
There is no additional charge for using the app for parking, so
Naspers’ PayU buys hotly tipped Turkish fintech company iyzico
bne IntelliNews
South Africa-based Naspers’ Dutch Unit PayU on June 11 agreed to buy Turkish digital payments company Iyzico for $165mn in its biggest fintech acquisition yet.
Iyzico is one of the most hotly tipped fintech start-ups in Turkey. It says it is the fastest growing fintech company in the country of 81mn.
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users pay the same as they would when buying a ticket in a traditional mode.
The service made its debut a year ago in Debrecen, where
the company is based with 20 staff. The automated payment system is currently available in eight parking lots at Hungary’s second largest city. The service is also available at Debrecen airport, where passenger traffic is expected to climb to 700,000 this year. Parkour Technologies launched the service in Budapest at a dozen parking lots this year.
Rollet’s founder and CEO Andy Zhang said the company is working to introduce the seamless drive-through payment across the country, not just at parking lots, but at fuel stations, car washes and drive-through restaurants.
The company incurred a HUF60mn loss on HUF16mn revenue last year.
PayU will be getting the hang of the Turkish keyboard.
The transaction is subject to regulatory approval, with the deal expected to close in the next few months.
“The acquisition will allow PayU to consolidate its position as a leader in the payments space and accelerate scale and efficiency in Turkey, where there is a huge growth opportunity for e-com- merce and online payments,” the company said in a statement.