Transport for London (TfL) is reportedly ready to let passengers pay for their travel with a Near Field Communication (NFC)-enabled smartphone, following discussions with a number of mobile operators.
It is believed that EE and Vodafone are among those who have held talks with TfL, which is adopting a more open approach to contactless payments on tubes, buses and trains in order to ease the cost of running the Oyster card system and reduce the number of cash fares being paid on the London’s transport network.
TfL has allowed bus passengers to use contactless debit, credit or charge cards since late 2012, but recently extended this capability to the London Underground, Overground, trams and most National Rail services in the capital.
“The upgrade we have made to our readers to accept contactless payment cards also makes them capable of accepting suitable payment applications on mobile phones,” TfL told the Financial Times, adding that it would be open to any payment technology that is fast enough and meets the relevant industry standards.
If such a system was adopted, cash would be stored in each operator’s mobile wallet service – giving them a boost amid increasing competition in the market from card providers such as Visa and MasterCard as well as industry heavyweights such as PayPal and Google Wallet.
EE operates a ‘Cash on Tap’ service, while Vodafone has its own mobile wallet service, however O2 recently shut down its competing platform earlier this year. However all three are working together on the Project Oscar joint-initiative, which is now known as Weve.
Think you know your transport tech? Find out with our quiz!
German foreign minister warns Russia will face consequences for “absolutely intolerable” cyberattack on ruling party,…
Google is reportedly laying off at least 200 staff from its “Core” organisation, including key…
Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline…
Tesla retreats from pioneering gigacasting manufacturing process, amid cost cutting and challenges at EV giant
No skynet please. After the US, UK and France pledge human only control of nuclear…
Microsoft's AI investments continue in south east Asia, after investments in Japan, Malaysia, Indonesia, as…
View Comments
What happens if your phone dies? it is smartphones we are talking about here. So many flaws around that.
First we decide about the worldwide payment system and after that we decide about the European Public Transport system. England is like Russia part of the European Physical Continent but is afraid to talk about Europe with partners. The Kara Deniz Conference in Jalta will open important windows (haha).