Indra rides off with £1.96B Transport for London ticketing deal as Oyster heads for back-office overhaul
Transport for London has awarded a £1.96 billion contract to Indra Sistemas for ticketing services, significantly higher than the initial estimate. The contract includes operating and developing ticketing for buses, trains, and other transport modes across London. This new agreement marks a shift to an account-based ticketing model for Oyster cards, allowing for more flexible payment options.
- ▪Indra Sistemas will manage ticketing for nearly all public transport in London under a £1.96 billion contract.
- ▪The contract covers 8,500 buses, 1,000 stations, and 4,000 retailers, running for seven years with possible extensions.
- ▪The new system will enable virtual Oyster cards and unique identifiers for payment accounts.
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