From Metro:
Cash fares will no longer be accepted on London buses from July 6, Transport for London (TfL) has announced.
TfL said a ‘considerable drop’ in the number of people paying their bus fare in cash was behind the decision expected to bring £130m savings over the next nine years.
London commuters will need an Oyster card, pre-paid ticket or contactless payment cards to travel on buses.
Leon Daniels, managing director for TfL Surface Transport, said: ‘As Londoners and visitors change the way they pay for goods and services in the capital I am proud that we at the forefront of that change.
‘Customers will not only benefit from a quicker, cheaper and more convenient method of paying their bus fare; it will also enable us to save millions of pounds each year – which will be reinvested in further improvements to the capital’s transport network.’
TfL said around 25 per cent of journeys were paid for using cash in 2000, compared with around one per cent today.
The cash-free announcement was made in February but TfL had yet to specify an exact date when the changes would go live.
