London buses to stop accepting cash from this summer

Transport for London says cash fares only make up 1% of bus journeys – down from around 25 per cent a decade ago.

End of cash payments on buses 'reflects changing way people pay'

The decision to stop accepting cash fares on London buses reflects the changing way that people pay for goods and services in our city, including journeys on the bus network.

Paying with Oyster or a contactless payment card is not only the cheapest option, but also speeds up boarding times at bus stops and reduces delays.

It costs £24 million a year to accept cash on London's buses and by removing this option we will generate significant savings which, like all of our income, will be reinvested in improvements to the transport network.

– Leon Daniels, Transport for London

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