London's black cabs fleet can now accept mobile payments thanks to a new app from Halio called HailoPay, according to a press release.

"The taxi industry is far from a cash-only, technophobic trade," Andrew Pinnington, CEO of Hailo said in a statement. "In the past four years, the Hailo app has facilitated mobile and card payments for almost 9 million journeys in London, and now, through HailoPay, all London black cabs have the ability to accept mobile payments for passengers hailing off the street."

HailoPay enables passengers to use their smartphone to charge their journey to a credit or debit card by visiting a secure site, entering the cab driver's badge number and confirming the payment amount, according to the announcement. Upon completion of the payment, the driver receives a notification and the passenger receives a digital receipt, which can be sent via email. HailoPay also gives passengers the flexibility to split fares between friends, or pay part in cash and part with mobile.

"HailoPay is the latest innovation we've introduced to the taxi sector to create a service that is quick, simple, and most importantly, secure for both passenger and driver," Pinnington said. "We're offering this service at absolutely no cost to passengers and drivers, as part of Hailo’s commitment to create a world class taxi service for London that is 100 percent safe, 100 percent reliable and 100 percent accessible."