It's that time of the... quarter. 2018 Q1 financial reports are being published by most of the big tech names, and Samsung is likely pretty pleased with its performance so far this year. It isn't quite as high as the impressive 2017 Q4 results it previously posted, but it's sitting pretty with a total of KRW 60.56 trillion ($56 billion) in revenue, with KRW 15.64 trillion ($14.51 billion) in operating profit. That's a revenue increase of 20% and an operating profit increase of over 50% compared to Q1 2017, beating expectations. Read More
A couple of months back, Google introduced a brand new mobile payments app exclusive to India. The country's banking landscape is a little different to many of the territories that currently have access to Android Pay, and so it needed a different approach. Until now, Tez has only been able to pay participating merchants or transfer between users, but it will soon be possible to pay utility bills, too. Read More
IFTTT is a tremendous boon for those interested in automating their lives. The company's tools have deep integration with a wide variety of third-party services and products, and they're always being improved upon. The most recent additions to the party are iHome Enhance, Everynet, Grasp IO, and Nexx Garage. The old Stocks category has also been renamed to Finance, so if you can't find those stock-related applets, they're still around in a new place. Read More
We've known for a while that WhatsApp has been prepping a built-in payment service for its users in India, and the beta version of the app is now showing the new payments interface. The feature plugs into the UPI (Unified Payments Interface) program that includes many of the country's most popular banking institutions.
Although not officially announced by the company yet, beta testers have noticed a payment option in the attachment menu between Document and Gallery. According to TechCrunch, iOS users have been able to make payments with the service already. Gizmo Times has tried this out on Android, but it shows a "Couldn't add bank account" error message (below right). Read More
South Korean electronics giant Samsung has revealed record-high sales figures for last year, with a total operating profit of $50 billion (KRW 53.65 trillion). The company released its Q4 results today, alongside numbers for the whole of 2017. In the last three months of the year, Samsung amassed $61.54 billion (KRW 65.98 trillion) in consolidated revenue, which amounted to $14.13 billion (KRW 15.15 trillion) in operating profit. Read More
There are plenty of apps on the Play Store if you want to check your credit score, but how many of them would you trust? Intuit is a company people have come to depend on for financial services, with popular apps like QuickBooks and TurboTax. So while we might not normally highlight an app of this kind, Turbo is probably worth a mention. Read More
Thanks to a government-backed platform called UPI (Unified Payment Interface), developers are able to more easily integrate digital payments for India into their apps. Google's Tez uses UPI for bill payments, and social app Truecaller added the functionality in a recent update. The country's most used messaging app shouldn't be too far behind as Facebook-owned WhatsApp could be ready to offer a payment solution based on UPI as early as next month. Read More
Chinese smartphone maker Xiaomi is currently in talks about a potential Initial Public Offering (IPO) as early as next year. Top company executives will be hoping for a valuation of at least $50 billion, with some of them optimistically holding out for an even higher figure. Read More
If you're outside the UK, you're unlikely to have heard of Monzo. It's a so-called challenger bank, one of the several startups attempting to disrupt the banking industry in the UK. It's all based around its excellent app – there are no branches. It's pretty popular, too, with the majority of my London-based friends seemingly signed up for the service.
To begin with it was just a prepaid MasterCard that you would need to top up from your normal bank account. The benefit of doing so is that the Monzo app is great for budgeting, monitoring spending, and quickly paying friends. Read More
We heard of Google Finance's complete overhaul a few days ago, but it seems that hints of the new design could be hiding in Google's latest stocks card interface. If you search for any stock value on Google, it provides you with a card that details its price history, performance, and provides comparison against other stocks and news.
Now that interface has changed. Instead of one long page where you scroll down to each separate section you have 4 tabs for Overview, News, Compare, and Financials. The blue line in the graph has also been replaced by a filled green one, and the different history periods are now tappable buttons instead of tabs. Read More