Plans to allow Oystercards to be used for small purchases such as newspapers and groceries received a setback this week when TfL announced it has abandoned talks with seven companies to provide an 'e-money' system.
E-money would allow TfL's ticketing smartcard to be used at newsagents, parking machines and supermarkets to make small purchases instead of using cash.
TfL has been in negotiation since August with seven companies- including Paypal, Barclays and the Royal Bank of Scotland -...
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