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London’s ‘contactless’ tube payments to raise money for deprived young people London’s ‘contactless’ tube payments to raise money for deprived young people
(about 1 hour later)
Millions of pounds could be raised for disadvantaged young people in London through a new scheme to collect charitable donations from “contactless card” payments on tube, bus and overground rail journeys in the capital.Millions of pounds could be raised for disadvantaged young people in London through a new scheme to collect charitable donations from “contactless card” payments on tube, bus and overground rail journeys in the capital.
Boris Johnson will say that the Penny for London scheme, which he will launch on Wednesday, could revolutionise the way charitable donations are made. Boris Johnson, the city’s mayor, will say that the Penny for London scheme, which he will launch on Wednesday, could revolutionise the way charitable donations are made.
The scheme will deduct 1p each time supporters of Penny for London use a Visa or Mastercard credit or debit card to pay for a Transport for London journey in the new contactless system. Supporters can opt to pay more and they can also put a cap on their monthly donations.The scheme will deduct 1p each time supporters of Penny for London use a Visa or Mastercard credit or debit card to pay for a Transport for London journey in the new contactless system. Supporters can opt to pay more and they can also put a cap on their monthly donations.
The money will go to the Mayor’s Fund for London and other charities in the capital whose work is focused on disadvantaged young people. Organisers of “Penny for London” say that if 100,000 people sign up to the scheme next year it would raise £1m for charities. If that amount rises to 10% of all Londoners, charities could receive £15m. The money will go to the Mayor’s Fund for London and other charities in the capital whose work is focused on disadvantaged young people. Organisers of the new scheme say that if 100,000 people sign up next year it would raise £1m for charities. If that amount rises to 10% of all Londoners, charities could receive £15m.
Johnson, who will launch the scheme at London Bridge station, said: “Penny for London is a big, bold idea that will revolutionise the way we give to charity. The latest contactless technology is going to help transform the lives of thousands of young people across the capital. Enabling people travelling around the city to pool their pennies could potentially add up to hundreds of thousands of pounds.”Johnson, who will launch the scheme at London Bridge station, said: “Penny for London is a big, bold idea that will revolutionise the way we give to charity. The latest contactless technology is going to help transform the lives of thousands of young people across the capital. Enabling people travelling around the city to pool their pennies could potentially add up to hundreds of thousands of pounds.”
The technology for the scheme was developed with support from Barclays’ social innovation facility. Philip McHugh, chief executive of Barclaycard Business Solutions, said: “In a world first, we designed this new contactless payment system to make the process of giving to charity as quick and easy as possible. We hope all of London will get behind the Penny for London scheme as these small donations will help make a big change to young people’s lives.” The technology for the scheme was developed with support from Barclays’ social innovation facility. Philip McHugh, chief executive of Barclaycard business solutions, said: “In a world first, we designed this new contactless payment system to make the process of giving to charity as quick and easy as possible. We hope all of London will get behind the Penny for London scheme as these small donations will help make a big change to young people’s lives.”