A new report from Juniper Research expects mobile payment transactions to increase nearly four-fold in the next five years, exceeding $1.3tn (£829 billion) by 2017.
This growth will mainly be driven by sales of physical goods by a combination of remote purchases and in-store NFC transactions. However, physical goods purchases via mobile phones will still only account for around 4% of all retail transactions by 2017.
Mark Bridge writes:
So, that’s it. Today’s the day Adobe Flash Player - the preferred video player for many web sites - leaves the Google Play store.
Sony Computer Entertainment says it’ll start the full-scale launch of PlayStation Mobile in the autumn.
The service, previously named PlayStation Suite, will bring Sony PlayStation games to a variety of mobile devices. This initial launch will include Australia, Canada, France, Germany, Italy, Japan, Spain, the UK and the USA.
Although 4G LTE phones haven’t yet been given a UK launch, they’re selling well abroad.
LG Electronics has just passed global sales of five million LTE smartphones, having sold a million in July alone. The company’s first LTE smartphone - the Revolution - was released in the USA last May, with the worldwide range now having expanded into double figures.
Podcast - 15th August 2012
This week's edition of The Fonecast starts with news that Motorola Mobility is to lose around a fifth of its staff worldwide. There's also more reorganisation at Nokia, which is passing its Qt software business to Digia.
In addition we're talking about a new US partnership between Starbucks and Square, some good news for Research In Motion, a worrying report for Samsung and a major milestone for Shazam.