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.

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.