Transport for London looking to introduce smartphone based fare payments

[Windows Central]

With NFC on your smartphone, using it to pay for your morning commute across London may be getting closer to reality. According to a report in the Financial Times, carriers EE and Vodafone have begun talks with Transport for London over beginning trials of a mobile wallet to pay for your travel.

The initial trial is expected to be a ?pay as you go? scheme using apps owned by the mobile operators that can be preloaded with money. Operators could also consider payment for tickets on a weekly or monthly basis, according to a person familiar with the plans.
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Full story from the WPCentral blog...