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2025-TR-0033 Overseas Payment Provider

Student Loans Company Ltd

This public procurement record has 1 release in its history.

Tender

28 Nov 2025 at 16:05

UK4 - Tender Notice
Summary of the contracting process

The Student Loans Company Ltd, a public authority and central government entity based in Darlington, UK, has issued an open competition tender for the provision of international payment transfer services. The contract, titled "2025-TR-0033 Overseas Payment Provider," requires a supplier capable of facilitating low-cost foreign currency repayments for overseas customers, which are then converted and sent to the SLC in sterling. The tender is valued at approximately £2,310,000 with a gross value of £2,772,000 and is focused on the services sector, particularly international payment transfer services. The procurement stage is currently active, with the submission deadline set for 9th January 2026. The contract is anticipated to commence on 1st July 2026 and potentially extend up to 30th June 2033 if renewal options are utilised.

This tender offers significant opportunities for businesses specialising in financial services, particularly those with expertise in international payments and currency conversions. Companies that can demonstrate robust customer information management, integration capabilities, and high standards of cyber security are well-suited to compete. The SLC seeks to engage a provider who can ensure efficient and secure repayment processing for UK students residing abroad. This contract provides a platform for financial service providers to expand their footprint in public sector procurement, leveraging their technical and operational competencies to support the Student Loans Company’s mission.

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Notice Information

Notice Title

2025-TR-0033 Overseas Payment Provider

Notice Description

The Student Loans Company (SLC)is a non-profit making government owned organisation that administers loans and grants to students in colleges and universities in the UK. We have 9.7 million customers, manage a loan book worth PS260.8bn and manage the full end to end "apply, assess, pay and repay "process. SLC is seeking a supplier to provide a repayment service for SLC customers, who live abroad ,that allows them to make low-cost repayments in the foreign currency of their choosing and for this to be quickly repaid to SLC in sterling. The service must capture all customer contact information and SLC customer reference number, these details to be captured for every transaction made and sent onto SLC to allow SLC to quickly identify the customer account to be credited. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Darlington:-International-payment-transfer-services./84264F5ZB5 To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/84264F5ZB5

Lot Information

Lot 1

Renewal: The period of the contract is five years with the option for two further 12 month extension periods, dependant on satisfactory service delivery and the continuing need for the services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05eb56
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/078224-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
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

Notice Value(s)

Tender Value
£2,310,000 £1M-£10M
Lots Value
£2,310,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Nov 20259 months ago
Submission Deadline
9 Jan 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jul 2026 - 30 Jun 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Student Loans Company Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DARLINGTON
Postcode
DL1 1RW
Postcode Area
Darlington
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC33 Darlington
Delivery Location
TLC13 Darlington, TLL Wales, TLM8 West Central Scotland
Local Authority
Darlington
Electoral Ward
Red Hall & Lingfield
Westminster Constituency
Darlington

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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