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.
More top news
If you are black and a Londoner new figures reveal you are three times more likely to be Tasered by police.
Cloudy with scattered showers for the rest of the week.
Figures show an increasing trend for barriers to be left open, potentially making life easy for fare dodgers.