Indra rides off with £1.96B Transport for London ticketing deal as Oyster heads for back-office overhaul

Transport for London has awarded a £1.96 billion Revenue Collection Services contract to Indra Sistemas, which will operate and maintain public transport ticketing across London. The contract includes a shift to an account-based ticketing model for Oyster and introduces unique identifiers for payment accounts. The deal replaces Cubic Transportation Systems, which had run TfL's Oyster system since 2003.