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When asked about London buses going cash free from today Dave Hobday, Managing Director of Worldpay UK, the country's leading payment processing company has said the move is part of a wider shift.
Ten years ago around 25% of journeys were paid for with cash, but now it's less than 1% .
In the last month over 44,000 bus passengers a day have used the 'One More Journey' feature introduced to ease the transition of buses going cash free.
It allows users to make one more journey should they not have enough credit on their Oyster card or if their travel card or pass has just expired.
Of those passengers, over 80% have topped up before making a further journey. As a result of this, cash fares dropped and so were only used for 0.7% cent of all journeys on London buses.
Transport for London will save £24m a year by stopping taking cash on buses. They have said the money will be re-invested to further improve London's transport network
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As of tomorrow morning buses in the capital will no longer accept cash to pay for fares.