The BBC reports that cash could be outlawed on London’s buses by the end of the year. This is according to a Transport for London document.
With the oyster card a dominant feature throughout London’s network system including buses, tubes and trains – proposed plans aim to eliminate cash from all journeys by the end of this year. Figures show that the transport network is already nearly cashless, with just 1.5 percent of bus fares paid by cash, an equivalent of just 24 million journeys a year.
A SmartDebit spokesperson from the bureau commented: “Society has become very comfortable with using cashless methods to pay for their travels in and around London. Some are now even familiar with contactless terminals on buses so it is no surprise that Transport for London are looking to phase cash out. Not only is it quick and convenient for commuters, it will drive efficiencies and savings for TfL.”
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