Planning

UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2

BRITISH COUNCIL

This public procurement record has 1 release in its history.

Planning

04 Feb 2025 at 14:05

Summary of the contracting process

The British Council is initiating a procurement process titled "UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2," focusing on services within the financial consultancy, financial transaction processing, and clearing-house services category. The procurement is in the planning stage as of 4 February 2025, with an announcement date of 31 January 2025. The contract location is British Council, 1 Redman Place, Stratford Cross, London, E20 1JQ, and the procurement reference is IT-117-3765-BC/03765. Key dates include a future notice date on 10 March 2025. This initiative aims to engage suppliers for online payment acceptance services in challenging markets, primarily in South-East Asia and Africa.

This tender presents significant opportunities for businesses specializing in international payment transfer services, corporate finance, venture capital services, and accounting services. Companies with capabilities in handling online payments, particularly in diverse and challenging markets, are well-suited to this tender. By providing payment solutions that allow the British Council to consolidate revenues from different sources and convert local currencies into hard currency for the UK, businesses can enhance their market reach and bolster their portfolio with a key public sector client.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2

Notice Description

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.

Lot Information

Lot 1

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. 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.Intend Reference: BC/03765Project Title: PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04db79
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003654-2025
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

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
4 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
10 Mar 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

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-04db79-2025-02-04T14:05:15Z",
    "date": "2025-02-04T14:05:15Z",
    "ocid": "ocds-h6vhtk-04db79",
    "description": "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.Intend Reference: BC/03765Project Title: PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))British CouncilPublished date: 31 January 2025Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.Contract summaryIndustryInternational payment transfer services - 66115000Corporate finance and venture capital services - 66122000Accounting services - 79211000Location of contractE20 1JQValue of contractPS0Procurement referenceIT-117-3765-BC/03765",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-04db79",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2",
        "status": "planned",
        "classification": {
            "scheme": "CPV",
            "id": "66170000",
            "description": "Financial consultancy, financial transaction processing and clearing-house services"
        },
        "mainProcurementCategory": "services",
        "description": "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.",
        "lots": [
            {
                "id": "1",
                "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. 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.Intend Reference: BC/03765Project Title: PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))",
                "status": "planned"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66115000",
                        "description": "International payment transfer services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66122000",
                        "description": "Corporate finance and venture capital services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UK"
                    }
                ],
                "deliveryLocation": {
                    "description": "British Council, 1 Redman Place, Stratford Cross, London, E20 1JQ"
                },
                "relatedLot": "1"
            }
        ],
        "communication": {
            "futureNoticeDate": "2025-03-10T00:00:00Z",
            "atypicalToolUrl": "https://in-tendhost.co.uk/britishcouncil"
        },
        "coveredBy": [
            "GPA"
        ]
    },
    "parties": [
        {
            "id": "GB-FTS-113390",
            "name": "British Council",
            "identifier": {
                "legalName": "British Council"
            },
            "address": {
                "streetAddress": "58 Whitworth Street",
                "locality": "Manchester",
                "region": "UK",
                "postalCode": "M1 6BB",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Aung Thein",
                "telephone": "+44 01619577162",
                "email": "aung.thein@britishcouncil.org"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.britishcouncil.org",
                "buyerProfile": "https://in-tendhost.co.uk/britishcouncil",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "BODY_PUBLIC",
                        "description": "Body governed by public law"
                    },
                    {
                        "scheme": "COFOG",
                        "description": "Registered Charity"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-113390",
        "name": "British Council"
    },
    "language": "en"
}