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

By:

Dan Balaban

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 chart below).

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