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

Transport for London (TfL) has published full details of its Revenue Collection Services contract, awarded to Spanish defense and tech group Indra Sistemas in January, revealing the deal could be worth nearly twice what was initially announced. The contract hands Indra responsibility for operating, maintaining, and developing almost all public transport ticketing across western Europe's largest city. This spans paper tickets, Oyster smartcards, and contactless smartphone payments.