Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Payment Initiation Services

NS&I

This public procurement record has 1 release in its history.

Award

24 Sep 2026 at 09:56

Award Notice
Summary of the contracting process

NS&I commissioned payment initiation services to let customers pay by bank transfer through a secure, straightforward journey using Open Banking. The service is intended to reduce errors compared with customers setting up transfers manually and to provide a lower-cost alternative to debit card payments. The supplier provides APIs that connect NS&I’s mobile app or website with a customer’s bank and return the customer to NS&I for confirmation. These APIs pre-populate the sort code, account number, account name, amount and payment reference. The requirement may also include account information services such as fraud, identity, income verification, affordability, risk identification and transaction or funds tracing and monitoring, plus Confirmation of Payee. The buyer is NS&I, and delivery is associated with its London address.

The procurement is complete and Ecospend Technologies Limited was selected for the contract. The award date was 21 November 2025. The contract period runs from 30 August 2026 to 29 August 2030, with one optional 12-month extension. The recorded award value is £0. The contract was awarded through a further competition under the Government Commercial Agency Open Banking, Data, Digital Payments and Confirmation of Payee services dynamic purchasing system. The route was a selective call-off. The tender deadline was 2 October 2025 at 16:00. NS&I recorded the opportunity as unsuitable for SMEs and voluntary, community and social enterprises. No evaluation criteria or lot structure are set out in the available process details.

For suppliers considering similar work for NS&I, the award demonstrates demand for customer-facing Open Banking payment initiation integrated into digital services. A credible competitor would need to deliver secure, dependable APIs that connect an organisation’s app or website to multiple customer banks and return payment confirmation, while accurately passing account and payment details. Experience reducing customer friction and payment errors, and supporting lower-cost alternatives to card payments, is directly relevant. The potential scope also points to capabilities in account information services, including fraud and identity checks, income and affordability verification, risk identification, transaction tracing and monitoring, as well as Confirmation of Payee. Competing for this buyer’s requirement has been through a further competition under a government dynamic purchasing system; suppliers would need to be able to operate within that route.

How relevant is this notice?

Notice Information

Notice Title

Payment Initiation Services

Notice Description

NS&I has a requirement for the provision of Payment Initiation Services in order to make it easy for our customers to pay NS&I by bank transfer using a secure, simple and efficient process. NS&I Customer research has shown that three key factors influence how customers choose to pay: Security, Ease and Confidence. Payment initiation offers a well-defined journey, with the necessary account details securely transferred using Open Banking technology. This reduces the risk of the customer making an error, and makes it easier for the customer to complete the task than a manually set up bank transfer. For NS&I, Payment Initiation is more cost-effective than debit card. Through the use of Payment Initiation, NS&I aims to reduce our future payment costs. We expect the Supplier to provide Application Programming Interfaces (APIs) to allow NS&I to enable our customers to seamlessly transition from our new mobile app or future website, to the customer's own bank and back to our online service for confirmation. The API should pre-populate the sort code, account number, account name, payment amount and payment reference. At a later date, NS&I may also require the following additional services: - Account Information, including the following services: Fraud Services, Identity Services, Income Verification Services, Affordability Services, Risk Identification Services and Transaction/ Fund Tracing and Monitoring Services. - Confirmation of Payee **Contract awarded via Further Competition under the Government Commercial Agency Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS RM6301.** Additional information: Contract includes one optional 12 month extension period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/230c8e3f-6025-4240-b703-9369cbf94425
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66110000 - Banking services

66111000 - Central bank services

66112000 - Deposit services

66113000 - Credit granting services

66113100 - Micro-credit granting services

66114000 - Financial leasing services

66115000 - International payment transfer services

66120000 - Investment banking services and related services

66121000 - Mergers and acquisition services

66122000 - Corporate finance and venture capital services

66130000 - Brokerage and related securities and commodities services

66131000 - Security brokerage services

66131100 - Pension investment services

66132000 - Commodity brokerage services

66133000 - Processing and clearing services

66140000 - Portfolio management services

66141000 - Pension fund management services

66150000 - Financial markets administration services

66151000 - Financial market operational services

66151100 - Electronic marketplace retailing services

66152000 - Financial market regulatory services

66160000 - Trust and custody services

66161000 - Trust services

66162000 - Custody services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

66172000 - Financial transaction processing and clearing-house services

66180000 - Foreign exchange services

66190000 - Loan brokerage services

66500000 - Insurance and pension services

66510000 - Insurance services

66511000 - Life insurance services

66512000 - Accident and health insurance services

66512100 - Accident insurance services

66512200 - Health insurance services

66512210 - Voluntary health insurance services

66512220 - Medical insurance services

66513000 - Legal insurance and all-risk insurance services

66513100 - Legal expenses insurance services

66513200 - Contractor's all-risk insurance services

66514000 - Freight insurance and Insurance services relating to transport

66514100 - Insurance related to Transport

66514110 - Motor vehicle insurance services

66514120 - Marine, aviation and other transport insurance services

66514130 - Railway insurance services

66514140 - Aircraft insurance services

66514150 - Vessel insurance services

66514200 - Freight insurance services

66515000 - Damage or loss insurance services

66515100 - Fire insurance services

66515200 - Property insurance services

66515300 - Weather and financial loss insurance services

66515400 - Weather-related insurance services

66515410 - Financial loss insurance services

66515411 - Pecuniary loss insurance services

66516000 - Liability insurance services

66516100 - Motor vehicle liability insurance services

66516200 - Aircraft liability insurance services

66516300 - Vessel liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

66517000 - Credit and surety insurance services

66517100 - Credit insurance services

66517200 - Surety insurance services

66517300 - Risk management insurance services

66518000 - Insurance brokerage and agency services

66518100 - Insurance brokerage services

66518200 - Insurance agency services

66518300 - Insurance claims adjustment services

66519000 - Engineering, auxiliary, average, loss, actuarial and salvage insurance services

66519100 - Oil or gas platforms insurance services

66519200 - Engineering insurance services

66519300 - Auxiliary insurance services

66519310 - Insurance consultancy services

66519400 - Average adjustment services

66519500 - Loss adjustment services

66519600 - Actuarial services

66519700 - Salvage administration services

66520000 - Pension services

66521000 - Individual pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

66600000 - Treasury services

66700000 - Reinsurance services

66710000 - Life reinsurance services

66720000 - Accident and health reinsurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 Nov 202510 months ago
Contract Period
30 Aug 2026 - 29 Aug 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NS&I
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE1 9HA
Postcode Area
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

Ecospend Technologies Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

Loading OCDS record...