26 July 2016
Find out more

Transport for London to trial mobile Oyster scheme

27 November 2007  |  10039 views  |  0 oyster card

Transport for London (TfL) is teaming with handset manufacturer Nokia and phone network O2 to develop a scheme that will enable customers to pay for tube journeys using mobile handsets.

According to a report by UK newspaper The Guardian, TfL is ready to launch trials of the service, which will see customers pay for journeys by swiping a mobile phone across Oyster card readers in London Underground stations.

Nokia's contactless system is expected to use a microchip inside the handset, which activates whenever it is passed over the Oyster card reader, says the report. The price of the journey would be deducted from a Oyster top-up account or added to the customer's monthly phone bill.

The scheme will be extended to bus journeys, trams and some overland journeys across the city, reports say.

TfL is thought to be hammering out the final details of the phone with O2 and Nokia before launching the trial.

Earlier this year TfL abandoned initial plans to add contactless payments functionality to its Oyster smart card after failing to agree terms with technical and financial partners.

Shortly afterwards Barclaycard won the exclusive rights to include Oyster functionality on its Visa cards. The bank launched a combined contactless Oyster travel and debit card, OnePulse, in the city in September.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclaycard rolls out Oyster payments card

Barclaycard rolls out Oyster payments card

10 September 2007  |  15446 views  |  0 comments
Transport for London deal combines Oyster and Barclaycard

Transport for London deal combines Oyster and Barclaycard

13 December 2006  |  12538 views  |  0 comments
Transport for London drops Oyster e-money initiative

Transport for London drops Oyster e-money initiative

02 May 2006  |  7649 views  |  0 comments
Banks vie for Oyster e-money contract

Banks vie for Oyster e-money contract

22 July 2005  |  11047 views  |  0 comments
Transport for London unveils plans for e-money on Oyster

Transport for London unveils plans for e-money on Oyster

04 March 2005  |  10748 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9210 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9201 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7700 views comments | 18 tweets | 25 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5886 views comments | 29 tweets | 16 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5880 views 0 | 9 tweets | 2 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job