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The price cap for Oyster card users was set at the price of an equivalent one-day, unlimited-ride Travelcard. [7] TfL has expanded its fare capping system since its introduction, adding 7-day caps and contactless bank card support in 2014. [3]: 11 Another early implementation of fare capping in Europe is in Dublin, starting in 2012.
The daily cap is £8.10 within zones 1-2 and £14.90 within zones 1–6, provided no maximum fares are incurred for failure to touch in or out, or for touching in or out at the same station. [79] A lower cap of £5.25 applies if the day's journeys are restricted to buses and trams only. [ 80 ]
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In July 2023, TfL and the Mayor of London announced that from January 2024, one day Travelcards would no longer be sold or accepted on the TfL network, citing unfavourable revenue sharing terms between TfL and the Train Operating Companies on which the tickets are valid. 7-day and longer Travelcards will be unaffected. [12]
The first large scale adoption of smartcards for transport in Great Britain was by Transport for London (TfL) with the Oyster card. [6] It was initially only available on TfL services, but it has been progressively rolled out to National Rail services in and around Greater London. ITSO cards can also now be used on Oyster card readers. [7]
Transport for London (TfL) is a local government body responsible for most of the transport network in London, United Kingdom. [2]TfL is the successor organization of the London Passenger Transport Board, which was established in 1933, and several other bodies in the intervening years.
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