The transportation agency for London (Transport for London or TfL) has announced a new milestone in regards to contactless payments, saying that in a single day last month more than a million journeys on London’s tube were paid for with the tap of a Visa payment card. Since September 2014, much of the London based transportation has been open to users wishing to make payments with their contactless debit and credit card and in the period since use has risen significantly.
Commenting on the news, Shashi Verma, director, customer experience, TfL said,
“Contactless payments on TfL services has been a huge success. A quarter of our pay as you go customers use contactless payment already because it is so quick and easy and there have been more than 250 million journeys made using cards from over 80 countries.”
Also making the news this week is that the UK Cards Association set out a framework to enable transport operators across the country to implement contactless payments on local pay-as-you-go journey as contactless cards become more widely available. While contactless payments has always been linked with transportation as a use case, in the U.K. it has evolved beyond that but there is no doubt that transportation has played an important role in doing so.
Overview by Tristan Hugo-Webb, Associate Director, Global Payments Advisory Service at Mercator Advisory Group
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