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Mobilephones as payment cards in London?

An article over at the Mobile Report claims that UK operators are ready to start shipping smartcard compatible phones that can be used in London instead of the Oyster card.

I’ve heard rumours about this for a while, and I really like the idea - especially as it is extended. I don’t live in London but travel in often and have an Oyster in my wallet, the pain is when it runs out of money. Attaching the oyster to the phone, and therefore payments systems and the internet would be fantastic, no more queues! There are also plans to extend the Oyster cards use into micro payments and the Oyster would make the first stage of a transformation of London into a cashless city possible.

Let’s hope this has legs and Oyster or similar also start being deployed outside of London.

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