London Underground sign
Mohana Antonmeryl

Article Highlights

Key Takeaway:

An in-depth look at how Transport for London achieved its low cost of fare collection.

Key Data:

• Chart: Transport for London’s Fare Revenue Collection Costs

• Chart: Transport for London’s Fare Payments Methods

Organizations Mentioned:

• TfL (London)
• Cubic

Backers of open-loop payments routinely promise that transit agencies can save substantially on their fare-collection costs by rolling out open-loop payments. But the amount agencies can cut from their ticketing budgets has proved difficult to pin down.

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