Award

New Overseas Repayment method

STUDENT LOANS COMPANY

This public procurement record has 1 release in its history.

Award

24 Jun 2019 at 11:10

Award Notice
Summary of the contracting process

The procurement process pertains to the Student Loans Company, which is seeking a service provider for a new overseas repayment method for student loans. Classified under international payment transfer services, this tender was completed with an award made on 1st May 2019. The contract spans from 23rd May 2019 to 19th December 2021, and involved an open procurement method. The opportunity was based in Scotland, United Kingdom, and the public tender process has concluded.

This contract presents significant opportunities for businesses specialising in international payment solutions, particularly those with experience in servicing educational finance. Providers with the capability to handle cross-border financial transactions would be well-suited to engage in similar tenders in the future. As such, large-scale financial service companies like Flywire Payments Limited, which successfully secured this contract, showcase the potential for growth in managing overseas payments for educational institutions.

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Notice Information

Notice Title

New Overseas Repayment method

Notice Description

To provide a service for the payment of Student Loans from overseas repayers

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b4139a5a-fbc2-446a-a020-bb63e8dc76a9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/18b6dd4d-4350-435b-99b5-8e163a7d0f92
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66115000 - International payment transfer services

Notice Value(s)

Tender Value
£1
Lots Value
Not specified
Awards Value
£1
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jun 20196 years ago
Submission Deadline
1 May 2019Expired
Future Notice Date
Not specified
Award Date
30 Apr 20196 years ago
Contract Period
22 May 2019 - 19 Dec 2021 2-3 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
STUDENT LOANS COMPANY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 7JD
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

FLYWIRE PAYMENTS

Further Information

Notice Documents

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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