Shashi Verma, director of customer experience at Transport for London and Marion King, president of MasterCard UK and Ireland discuss the future of Oyster and the launch of contactless acceptance for London's transport network.
but if you look at the Tfl website,
they also mention that "Daily price caps will not be applied".
Anyone going into Zone 1 from Zone 5 and back again could lose out on this 'solution'
I tend to benefit from this on every trip, in that I end up with my combined train (eg to East Croydon) and bus thereafter come for free.
With this scheme I'd end up paying an extra £5 a day to get back home again.
Isn't this simply a solution which helps address the rising cost of transportation. Who wants to load an Oyster card with hundreds of pounds of credit to use it for just part of a week, and then be stuck with a residual balance you never cash in. Using
a NFC enabled credit card means you get the bill shock at the end of the month instead when you come to settle.
© Finextra Research 2014