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Mi-Pay Group Plc

Every rail station in Britain ‘should allow you to pay using contactless’ say transport chiefs

Transport chiefs today called for contactless payments to be accepted across the UK rail network as they revealed conventional tickets were “on the verge of obsolescence” in London.

Contactless accounts for a third of Tube fares income and Transport for London hopes to “eliminate” paper tickets and the Oyster card in the next five to 10 years.

The use of contactless bank cards to pay for travel has soared since its launch in the capital in 2014 and now accounts for about 60 million journeys a month on TfL buses, Tubes and trains.

 

Founded in 2003, Mi-Pay Group plc (LON:MPAY) delivers fully outsourced online and related payment and fraud management solutions to digital ecommerce clients, primarily in the mobile and digital content sector. Its product offering provides the infrastructure to enable pre-paid mobile devices to be topped up via a variety of channels such as websites, mobile applications and social media applications and customers include Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MNVOs), additionally managing and indemnifying the data security and payment fraud risks. Mi-Pay sells, integrates and operates its products and solutions on a global basis. 

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