Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Money Transmission Services for Government Banking

HM Revenue & Customs

This public procurement record has 5 releases in its history.

TenderUpdate

12 Aug 2025 at 11:26

Tender Notice
Award

12 Aug 2025 at 10:01

Award Notice
Award

31 Jul 2025 at 08:46

Award Notice
Award

29 Jul 2025 at 10:34

Award Notice
Tender

20 Mar 2024 at 12:09

Tender Notice
Summary of the contracting process

HM Revenue & Customs (HMRC) has concluded a significant procurement for money transmission services as part of its Government Banking function, which stewards banking services for over 600 public sector entities across the UK, including the National Health Service. The procurement, titled "Money Transmission Services for Government Banking," was conducted through a restricted procedure and successfully awarded various lots. This extensive procurement, finalised in August 2025, covers a wide array of banking services within the broader service classification of banking services and adheres to the legal framework established by EU procurement regulations. The contracts have notable financial scopes, with contractual values such as £166.8 million for Lot 2, "House Bank B," secured with National Westminster Bank PLC, and £99.6 million for Lot 1, awarded to Lloyds Bank Plc.

This procurement presents substantial opportunities for businesses focused on providing robust, scalable banking and financial services solutions to the public sector. With a procurement method that emphasizes technical quality and social value, alongside competitive pricing, firms with expertise in financial transaction processing, electronic banking, and foreign exchange services can find lucrative prospects. Additionally, companies that can ensure compliance with financial regulations and have the capacity to manage high transaction volumes are well-suited for competing in similar future tenders. The contracts facilitated through this tender represent long-term engagements, offering up to 8 years with options to extend, thus providing a stable growth trajectory for successful bidders in the financial services industry.

How relevant is this notice?

Notice Information

Notice Title

Money Transmission Services for Government Banking

Notice Description

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking (GB) sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations (hereafter referred to as "customers"). To deliver the direct-to-bank model and facilitate payments in and out of Government, GB contracts with commercial banks. The contracts will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector( including the National Health Service).

Lot Information

House Bank A

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking (GB) sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations (hereafter referred to as "customers"). To deliver the direct-to-bank model and facilitate payments in and out of Government, GB contracts with commercial banks. The contracts will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector( including the National Health Service). The procurement was conducted via the Restricted Procedure.

Options: Four optional 1 year extensions.

House Bank B

Lot 2 - "House Bank B" covers general banking services, including Bacs, CHAPS, Faster Payments, Local Banking, Cheques and Spot FX. GB is seeking long term arrangements for MTS which are resilient, secure and able to move with industry changes. The following, non-exhaustive, list of banking services are in scope: * Account Provision; * Electronic Banking; * Payment Products * Reporting * Customer Support * Incident Management * Overlay Services Additional information: This requirement will be met by an eSourcing RFP using HMRC SAP Ariba. Please ensure you are registered with the HMRC SAP Ariba to gain access to the RfP documentation which will contain full details. If you are not already registered, the registration link is: http://hmrc.sourcing eu.ariba.com/ad/selfRegistration As part of the registration process you will receive a system generated email asking you to activate your SAP Ariba supplier account by verifying your email address. Once you Show less additional text have completed the activation process you will receive a further email by return confirming the 'registration process is now complete' and providing you with 'your organisation's account ID' number. If an email response from HMRC is not received within one working day of your request, please re-contact sapariba.hmrcsupport@hmrc.gsi.gov.uk (after first checking your spam in-box) confirming when your registration request was first made. Once you have obtained 'your organization's account ID' number, please email chloe.hobbs@hmrc.gov.uk and james.power1@hmrc.gov.uk and copy in e.procurement@hmrc.gov.uk and with your account ID number, you will then receive an e-mail confirming access. Please ensure to include all email addresses provided to make sure your interest is received. Further information about HMRC's procurement tool SAP Ariba, Suppliers Guide and general information is available on the HMRC website: www.hmrc.gov.uk/about/supplying.htm. If you have already registered on SAP Ariba then you may also need to re-register on HMRC's SAP Ariba in order to be added to the event.

Overseas Payments

Lot 3 - "Overseas Payments" covers regular and one-off Spot FX not covered by Lots 1 and 2 (i.e., Exotics), ACH network services and FX advisory services. Additional information: This requirement will be met by an eSourcing RFP using HMRC SAP Ariba. Please ensure you are registered with the HMRC SAP Ariba to gain access to the RfP documentation which will contain full details. If you are not already registered, the registration link is: http://hmrc.sourcing eu.ariba.com/ad/selfRegistration As part of the registration process you will receive a system generated email asking you to activate your SAP Ariba supplier account by verifying your email address. Once you Show less additional text have completed the activation process you will receive a further email by return confirming the 'registration process is now complete' and providing you with 'your organisation's account ID' number. If an email response from HMRC is not received within one working day of your request, please re-contact sapariba.hmrcsupport@hmrc.gsi.gov.uk (after first checking your spam in-box) confirming when your registration request was first made. Once you have obtained 'your organization's account ID' number, please email chloe.hobbs@hmrc.gov.uk and james.power1@hmrc.gov.uk and copy in e.procurement@hmrc.gov.uk and with your account ID number, you will then receive an e-mail confirming access. Please ensure to include all email addresses provided to make sure your interest is received. Further information about HMRC's procurement tool SAP Ariba, Suppliers Guide and general information is available on the HMRC website: www.hmrc.gov.uk/about/supplying.htm. If you have already registered on SAP Ariba then you may also need to re-register on HMRC's SAP Ariba in order to be added to the event.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044ac2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/047941-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

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

66180000 - Foreign exchange services

66600000 - Treasury services

Notice Value(s)

Tender Value
£334,000,000 £100M-£1B
Lots Value
£334,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
£321,420,000 £100M-£1B

Notice Dates

Publication Date
12 Aug 20251 years ago
Submission Deadline
19 Apr 2024Expired
Future Notice Date
Not specified
Award Date
18 Jun 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Active, Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HM Revenue & Customs
Additional Buyers

H M Revenue & Customs

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
M3 5BS
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
Not specified
Local Authority
Salford
Electoral Ward
Blackfriars & Trinity
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
3
Supplier Names

CITIBANK N.A. LONDON BRANCH

Lloyds Bank Plc

National Westminster Bank PLC

Further Information

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...