Tender

PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))

BRITISH COUNCIL

This public procurement record has 5 releases in its history.

TenderAmendment

14 Feb 2025 at 12:26

TenderAmendment

05 Feb 2025 at 08:42

TenderAmendment

05 Feb 2025 at 08:41

TenderAmendment

03 Feb 2025 at 17:48

Tender

31 Jan 2025 at 19:34

Summary of the contracting process

The British Council is currently undergoing a tender process to engage a Global Payment Service Provider (PSP) for its "Trapped Cash Solution" project, with a focus on challenging markets, primarily in South-East Asia and Africa. The tender aims to handle online payment acceptance services, addressing currency mismatches between local revenue and GBP costs for commercial exam operations. This open procedure, initiated on 31 January 2025, is in the tender amendment stage with the tender period ending on 17 February 2025. The expected contract period runs from 23 June 2025 to 21 June 2027. The procurement falls under the industry category of financial consultancy, financial transaction processing, and clearing-house services.

This tender represents significant business growth opportunities, particularly for companies specialising in international payment transfer services and well-versed in handling complex payment systems in various markets. Firms able to offer robust solutions for local currency acceptance and hard currency remittance to the UK will find this project highly beneficial. Businesses dealing with online payment systems, currency management, and financial consultancy services are well-suited to compete for this contract, leveraging the chance to collaborate with the prestigious British Council and expand their market presence in diverse international regions.

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Notice Title

PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))

Notice Description

The British Council is seeking to conduct a market engagement with suppliers who can provide Online Payment Acceptance Services in challenging markets, primarily South-East Asia and Africa All our commercial exam operations in all our countries face a currency mismatch - local currency revenue and GBP costs (primarily Exam Board fees). This income is collected from customers in a range of payment journeys: - Where the customer is paying while in an online journey - The customer is paying cash in an office or teaching centre - The customer pays electronically but is not in an online journey British Council is investigating options to engage a specialist payment providers handling the British Council Online Payments across our challenging markets, primarily South-East Asia and Africa. Their service will enable the customer to pay in their local currency for any product and the British Council to receive hard currency in the UK. PIN (Prior Information Notice): https://www.find-tender.service.gov.uk/Notice/003654-2025? Additional information: If you are interested in expressing an interest and/or bidding for this project, please go to https://in-tendhost.co.uk/britishcouncil . You may then have to register your company before you can express an interest for this project and get access the documents. Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66115000 - International payment transfer services

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

Notice Value(s)

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

Notice Dates

Publication Date
14 Feb 20251 years ago
Submission Deadline
17 Feb 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
23 Jun 2025 - 21 Jun 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BRITISH COUNCIL
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
E20 1JQ
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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.

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