London black cab trials cashless payments using mobile phone app

Passengers can transfer the fare from their phones

The late night quest for a cash point could soon be a thing of the past for cab passengers as a London cabbie trials mobile phone payments.

Ian Cable is using Barclay’s Pingit app for cashless payments for five days until Friday.

It allows the fare on the meter to be transferred between bank accounts within 30 seconds.

Mr Cable, who has been a London black cab driver for 23 years, said: “I am always up for trying new technology to help make mine and my passengers' lives easier.”

He was also the first cabbie to accept chip and pin cards in 2004.

“It means I have more time on the road to earn money - rather than stopping off at the bank to pay in my earnings or pulling up at ATMs for passengers with the risk of getting a hefty parking fine," he added.

As contactless payment cards become more popular, the next shift predicted is towards mobile payments.

The Centre for Economic and Business Research predicts that by 2020, 20 million adults will use their mobiles to pay for goods and services.

Darren Foulds, the director of Barclays Mobile and Pingit, said: “We are always keen to support new ways to make people’s lives easier.

“This trial really demonstrates the huge potential for mobile payments as they gain more widespread use.”

The app, which can be used by customers of any bank, works by using QR codes to gain information needed for a transaction.

Since it launched in February 2012, Barclays Pingit has been downloaded 3 million times and used to transfer £540 million.

Read more: London buses go cash-free
Voices: Cashless is the future and businesses must adapt
Black cab drivers blockade Trafalgar Square in fare demo
Life and Style
ebookNow available in paperback
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Gadgets & Tech

    Guru Careers: Software Developer / Web Developer

    £30 - 40k + Benefits: Guru Careers: A Software / Web Developer (PHP / MYSQL) i...

    Guru Careers: Account Executive

    £18 - 20k + Benefits: Guru Careers: An Account Executive is needed to join one...

    Guru Careers: Software Developer / Software Engineer

    £35 - 40k + Benefits: Guru Careers: A Software Developer / Software Engineer i...

    SThree: Trainee Recruitment Consultant

    £18000 - £23000 per annum + Uncapped Commission: SThree: As a Trainee Recruitm...

    Day In a Page

    Raif Badawi: Wife pleads for fresh EU help as Saudi blogger's health worsens

    Please save my husband

    As the health of blogger Raif Badawi worsens in prison, his wife urges EU governments to put pressure on the Saudi Arabian royal family to allow her husband to join his family in Canada
    Birthplace of Arab Spring in turmoil as angry Tunisians stage massive sit-in over lack of development

    They shall not be moved: jobless protesters bring Tunisia to a halt

    A former North African boom town is wasting away while its unemployed citizens stick steadfastly to their sit-in
    David Hasselhoff's new show 'Hoff the Record': What's it like working with a superstar?

    Hanging with the Hoff

    Working with David Hasselhoff on his new TV series was an education for Ella Smith
    Can Dubai's Design District 'hipster village' attract the right type of goatee-wearing individualist?

    Hipsters of Arabia

    Can Dubai’s ‘creative village’ attract the right type of goatee-wearing individualist?
    The cult of Roger Federer: What is it that inspires such obsessive devotion?

    The cult of Roger Federer

    What is it that inspires such obsessive devotion?
    Kuala Lumpur's street food: Not a 'scene', more a way of life

    Malaysian munchies

    With new flights, the amazing street food of Kuala Lumpur just got more accessible
    10 best festival beauty

    Mud guards: 10 best festival beauty

    Whether you're off to the Isle of Wight, Glastonbury or a local music event, we've found the products to help you
    Unai Emery’s passion for winning and eye for a bargain keep Seville centre stage in Europe

    A Different League

    Unai Emery’s passion for winning and eye for a bargain keep Seville centre stage in Europe, says Pete Jenson
    Amir Khan and James DeGale’s remarkable Olympic performances were just the start of an extraordinary journey - Steve Bunce

    Steve Bunce on Boxing

    Amir Khan and James DeGale’s remarkable Olympic performances were just the start of an extraordinary journey
    Abuse - and the hell that came afterwards

    Abuse - and the hell that follows

    James Rhodes on the extraordinary legal battle to publish his memoir
    Why we need a 'tranquility map' of England, according to campaigners

    It's oh so quiet!

    The case for a 'tranquility map' of England
    'Timeless fashion': It may be a paradox, but the industry loves it

    'Timeless fashion'

    It may be a paradox, but the industry loves it
    If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

    Could have done with Osama bin Laden staying alive?

    Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
    New exhibition celebrates the evolution of swimwear

    Evolution of swimwear

    From bathing dresses in the twenties to modern bikinis
    Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

    Sun, sex and an anthropological study

    One academic’s summer of hell in Magaluf