The Royal Bank of Scotland has launched a pilot of MasterCard's PayPass contactless payments system in London black cabs.
Contactless cardholders will be able to pay for fares of £10 or less by tapping their MasterCard PayPass card against special payment readers in 25 London cabs.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
According to RBS research, half of people carry less than £10 in cash, and more would take taxis if they could pay with a contactless card.
In addition, 77% of drivers said accepting payment cards helped them meet customer demand, and 78% said payment cards were faster and easier.
Both Barclays and Greater Manchester Transport are among the early backers of contactless payments.