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TfL and Cubic to License Contactless Ticketing Worldwide
Transport for London (TfL) and Cubic Transportation Systems (CTS) recently announced their agreement to license and adapt a contactless ticketing system—known as Oyster—to cities around the world.
The £15 million agreement (about $19.9 million U.S.) is the first in a number of planned initiatives to sell or license TfL’s expertise around the world. Agency officials say TfL is the first public transport provider in the world to accept contactless payment cards, which it launched in December 2012 on buses and expanded to cover Tube and rail services in London in September 2014.
CTS President Matthew Cole said, “The challenges of mobility in 21st-century cities—including access for all, inclusion, environmental concerns and the pressure of ever-growing populations—can only be met through cooperation and partnership. No single entity has all the answers, and this agreement between Cubic and TfL sets a new standard in public-private partnerships for addressing these issues and acknowledges the success of account-based payment for transit for which there is clear interest from many cities across the world.”
TfL and CTS have a long-running partnership, including introducing the Oyster card system in 2003.
Since the contactless system launched, riders have made more than 500 million trips using more than 12 million unique credit and debit cards from 90 different countries or using contactless-enabled mobile devices. Around one in 10 contactless transactions in the UK are made on TfL’s network, making it one of the largest contactless merchants worldwide.
CTS also provides smartcard ticketing technology to numerous cities worldwide.
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