London First, of which Cubic is a member, is a non-profit organization that promotes business interests in London.
Launched in 2012, the contactless bankcard system was extended in 2014 to cover London’s entire transit network, including Tube, rail, bus and tram services. Since the introduction of the contactless payment scheme, more than 800 million contactless journeys have been made across the network. In 2016, Cubic and TfL agreed on a licensing deal for the use of London’s contactless ticketing system worldwide.
