The Guardian's Bobbie Johnson this week broke the news that Transport for London, Nokia and O2 are finalizing plans for a mobile phone handset with a built-in Oyster card, using NFC to transmit payment data to card readers.

"Nokia's contactless system is likely to use a microchip inside the phone, which activates whenever it is passed over an oyster card reader," Johnson writes. "The price of the journey would be deducted from a top-up account or added to the traveller's monthly phone bill. The scheme could pave the way for mobiles to be used as payment on other forms of transport elsewhere in Britain."

More here from ZDNet UK ... more here from VNUnet ... and more here from the Independent.