sQuid in the news
"Where Oyster clammed up, sQuid is ready to cash in"
May 14 2006 - Sunday Telegraph
NM Rothschild, the investment bank, has been appointed to raise £15m to fund the launch of a cashless card payment system designed to be a rival to Transport for London's Oyster card.
The new card, to be called sQuid, will not be used to pay for journeys on public transport, but instead will be an alternative to using cash for low-value transactions for goods and services at newsagents, parking machines, coffee shops and other retail outlets.
The decision by Nucleus, a branding agency owned by Peter Matthews, the entrepreneur, to push ahead with the sQuid card follows the failure, admitted earlier this month, of TfL to reach agreement with a commercial partner to extend the use of the Oyster card beyond public transport.
Click here to read the article on the Telegraph website >
