Transport for London looking to introduce smartphone based fare payments

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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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