Barclaycard and Oyster have signed a deal to roll out a combined travel and credit card next year. It is understood that the financial service company has signed a three-year deal with Oyster operator TranSys and Transport for London.
Barclaycard will conduct live trials on its Barclaycard and Connect Visa cards in London early next year with plans to roll out the technology across its customer base later in the year.
The new technology will enable cardholders to pay for transactions of under £10 via the contactless reader system in participating shops, while also extending access to Oyster top up services.
Barclaycard claims the "wave and pay" system will facilitate faster, more convenient payments for both customers and retailers, removing the need for PIN or signature authorisation.
In the UK, Barclaycard manages its own range of branded credit cards, alongside other non-branded card portfolios including Monument, SkyCard and Solution Personal Finance.