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In-Depth: Contactless Transactions Soar, but Transport for London Affirms that Oyster Will Remain Payments Option

by Dan BalabanPosted on Posted in Closed LoopTagged , , ,

Contactless open-loop payments have surged in recent months for Transport for London, returning to their steep growth trajectory before the pandemic, and now account for 70% of all pay-as-you-go, or PAYG, trips on the London Underground and two-thirds of PAYG trips on buses. And contactless has surpassed 50% of all trips–including those made with season tickets (see new chart below). […]

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Transport for London to Offer Weekly Fare Capping with Oyster Cards; Move Expected to Drive Even More Riders to Pay as You Go

by Mobility Payments StaffPosted on Posted in Closed LoopTagged ,

In a move expected to make Transport for London’s pay-as-you-go model even more dominant and further erode support for season tickets and other period travel passes, the agency today said it will introduce weekly fare capping for PAYG transactions with its closed-loop Oyster card on rail and Underground trips starting Monday­– years after it began supporting the feature for open-loop contactless payments. […]

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