UPDATE: It is now 12th June 2014 and there are voice announcements playing on the buses saying "Cash will no longer be accepted on buses"...
There is no
reason for me to lie and there's no reason to not believe this (reverse as
appropriate).
"Soo, an
insider source has told me that the privatised Transport for London is currently (8/2013) training
their staff to work with and administer 'Contactless Payment' scheduled to be
in use "by 2016."