This public procurement record has 2 releases in its history.

PlanningUpdate

26 May 2026 at 08:56

Planning

26 May 2025 at 20:37

Summary of the contracting process

The London Borough of Southwark is planning a procurement process for "Merchant Acquiring" services, focusing on financial transaction processing and clearing-house services. The procurement is currently in the planning stage, with the contract period set from 2nd April 2027 to 30th April 2029, potentially extending to 30th April 2031. A future notice is expected by 13th July 2026. The procurement relates to the management of debit and credit card payments, with an estimated contract value of GBP 2,800,000, part of a larger gross amount of GBP 3,700,000. The process is situated in London, under the industry category of services, and is above the procurement threshold.

This tender represents a significant opportunity for businesses specialising in financial transaction processing and merchant acquiring services. Companies with expertise in managing card payment settlements and payment scheme routing would be well-suited to compete for this contract. This procurement offers substantial growth potential given its high value and long-term contract period, making it an attractive prospect for businesses looking to expand their presence in the public sector financial services market.

How relevant is this notice?

Notice Title

Merchant Acquiring

Notice Description

'PLEASE NOTE THIS IS A PIPELINE NOTICE - NOT LIVE TENDER OPPORTUNITY - TENDER NOTICE TO FOLLOW'. The forthcoming opportunity relates to the provision of Merchant Acquiring Services (facilitates the acceptance of debit and credit card payments by managing transaction authorisation, routing through card schemes, and settlement of funds to the organisation) (Previous pipeline publication was Income and Payment Management Systems, however scope has changed as per the above description)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052670
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/048456-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline 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

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£2,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 May 20261 months ago
Submission Deadline
Not specified
Future Notice Date
13 Jul 20263 weeks to go
Award Date
Not specified
Contract Period
1 Apr 2027 - 30 Apr 2029 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF SOUTHWARK
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
SE1 2QH
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified

Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Further Information

Notice Documents

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.

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