Transport for London (TfL) is proposing to go cashless on its bus services in 2014. If, after consultation, the proposal is approved the option to pay by cash will be removed on all TfL bus services.

Since the introduction of the Oyster card in 2003 and the launch of contactless payment cards (CPC) on London buses last year, more and more passengers are now appreciating the convenience and value for money these options offer. This year cash fares are expected to fall to less than 1% of total bus journeys, down from 20% ten years ago. With such low levels of cash use and the cost to TfL of providing for cash payment, alongside the cheaper alternative payment options Oyster and CPC, TfL has decided that now is the time to ask what you think about going cashless.

Here's what TfL say, "We believe that this proposed change will help to reduce boarding times and delays. Customers will be able to continue to use Oyster and contactless payment cards to pay for their fares, which are £1 lower than cash payments."

Let TfL know what you think. Complete the online questionnaire by 11 October 2013.