If you happen to be a bus rider in London and own an NFC-based device like the astounding Galaxy S III smartphone, today is a momentous day for you. Transport for London has announced its activation for contactless payments using NFC technology on 8,500 of its buses. When using the NFC payment, customers can pay the same fare as a traditional Oyster card user, which is £1.35 as opposed to the standard £2.30 cash fare. There is a catch to this technology though— customers will need to ensure their NFC-based device has a special logo in order to utilize the contactless payment technology and as of now, we only know of Orange UK’s version of the Galaxy S III having the special logo. On the other hand, there is a slim possibility that other NFC-equipped devices could potentially work, especially since there’s no mention of what exact devices are compatible exactly.
Still, today is a pretty significant breakthrough and it should be only a matter of time before we see other transport companies take advantage of this technology. We’re all looking at you New York City MTA!