Planning

PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - BC/03765

BRITISH COUNCIL

This public procurement record has 1 release in its history.

Planning

31 Jan 2025 at 17:13

Summary of the contracting process

The British Council, located in Manchester, UK, is planning a procurement process titled "PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - BC/03765." This tender, categorised under international payment transfer services, aims to find suppliers capable of providing online payment acceptance services, particularly in challenging markets such as South-East Asia and Africa. The procurement process is currently in the planning stage, with a future notice date set for 30th June 2025. The project addresses the issue of currency mismatch faced by the British Council's commercial exam operations, where revenue is generated in local currencies but costs are incurred in GBP.

This tender offers significant opportunities for businesses specialising in international payment solutions and financial services, particularly those experienced in handling complex payment scenarios in diverse and challenging markets. Companies that can provide seamless local currency payment solutions and ensure the transfer of hard currency to the UK are well-suited to compete for this contract. Such services will support the British Council's operations by simplifying payment processes for their customers and ensuring efficient financial management. Businesses with expertise in corporate finance and venture capital services may also find relevant opportunities within this procurement process.

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Notice Title

PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - BC/03765

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 AfricaIntend Reference: BC/03765

Lot Information

Lot 1

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 journeyBritish 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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04dad4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003382-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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

66122000 - Corporate finance and venture capital services

Notice Value(s)

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

Notice Dates

Publication Date
31 Jan 20251 years ago
Submission Deadline
Not specified
Future Notice Date
29 Jun 2025Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRITISH COUNCIL
Contact Name
Aung Thein
Contact Email
aung.thein@britishcouncil.org
Contact Phone
+44 01619577162

Buyer Location

Locality
MANCHESTER
Postcode
M1 6BB
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified

Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

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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