Transport for London Looks to Trial NFC Smartphone Payments

Since 1829, commuters in London have been paying cash for public transportation. Currently there are less than 1% of the commuters who pay through cash for traveling in a Bus in London.UK network operators including EE and Vodafone have been in talks with Transport for London to make a move towards smartphone contactless payment schemes, according to Financial Times.

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.