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Yes, but you can't use pay as you go on the rail services yet - just buses and the tube. If you have a travelcard on Oyster, you can use it on the train. If you try to use a pay as you go on a train, while you can get on the train easily enough at Peckham, you'll be stopped at the station at the other end as the pay as you go isn't recognised. So it's best not to try it (you could however, take a train to London Bridge, change and go to Waterloo East and get off as they haven't yet installed barriers there or so I've heard!)

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