Transport for London Sees Open-Loop Revenue Return to Pre-Pandemic Levels

While ridership has failed to fully recover so far from the pandemic, contactless credit and debit card payments are making up a larger and larger share to total fare payments.

Story Label Exclusive by Dan Balaban Posted on April 14, 2022 (December 16, 2022) Posted in Open Loop Tagged

London Underground

Michal Bednarek

Article Highlights

Key Takeaway:

Contactless open-loop payments revenue has already returned to pre-pandemic levels in London, despite ridership on the London Underground still around one-third lower than in 2019 and bus ridership down by around 20%.

Key Data:

• Chart: Open-loop revenue for TfL

Organizations Mentioned:

• Transport for London

Contactless open-loop payments revenue has already returned to pre-pandemic levels in London, despite ridership on the London Underground still around one-third lower than in 2019 and bus ridership down by around 20%.

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