Flexible fare option for a taxi journey

Taxis in the UK are going to enjoy new contactless debit and credit card payment service on a nationwide basis. The service is to be available under the cooperation of the Royal Bank of Scotland Group (RBS) and MasterCard.
At first the project is to be piloted by 25 London-based taxis owned by Xeta. Owing to the partnership with Commidea, UK card processing systems supplier the project was provided with the proper technology.

The study by RBS shows that 42% of London residents prefer to pay by card for a taxi journey in case they have no cash with them. Moreover 78% of London taxi drivers would be happy to accept cards as customer payment could become much easier and faster.

Thus, when making a payment a customer should hold a contactless card up to a reader in the cab and enter a PIN. Those paying less than £10 don’t need to enter a PIN.