---
title: "Payment Initiation Services"
ocid: "ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NS&I"
published: "2026-09-24"
---

# Payment Initiation Services

Buyer: NS&I  
Current stage: Award  
OCID: ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad

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## Summary

NS&I commissioned payment initiation services to let customers pay by bank transfer through a secure, straightforward journey using Open Banking. The service is intended to reduce errors compared with customers setting up transfers manually and to provide a lower-cost alternative to debit card payments. The supplier provides APIs that connect NS&I’s mobile app or website with a customer’s bank and return the customer to NS&I for confirmation. These APIs pre-populate the sort code, account number, account name, amount and payment reference. The requirement may also include account information services such as fraud, identity, income verification, affordability, risk identification and transaction or funds tracing and monitoring, plus Confirmation of Payee. The buyer is NS&I, and delivery is associated with its London address.

The procurement is complete and Ecospend Technologies Limited was selected for the contract. The award date was 21 November 2025. The contract period runs from 30 August 2026 to 29 August 2030, with one optional 12-month extension. The recorded award value is £0. The contract was awarded through a further competition under the Government Commercial Agency Open Banking, Data, Digital Payments and Confirmation of Payee services dynamic purchasing system. The route was a selective call-off. The tender deadline was 2 October 2025 at 16:00. NS&I recorded the opportunity as unsuitable for SMEs and voluntary, community and social enterprises. No evaluation criteria or lot structure are set out in the available process details.

For suppliers considering similar work for NS&I, the award demonstrates demand for customer-facing Open Banking payment initiation integrated into digital services. A credible competitor would need to deliver secure, dependable APIs that connect an organisation’s app or website to multiple customer banks and return payment confirmation, while accurately passing account and payment details. Experience reducing customer friction and payment errors, and supporting lower-cost alternatives to card payments, is directly relevant. The potential scope also points to capabilities in account information services, including fraud and identity checks, income and affordability verification, risk identification, transaction tracing and monitoring, as well as Confirmation of Payee. Competing for this buyer’s requirement has been through a further competition under a government dynamic purchasing system; suppliers would need to be able to operate within that route.

## Notice

NS&I has a requirement for the provision of Payment Initiation Services in order to make it easy for our customers to pay NS&I by bank transfer using a secure, simple and efficient process. NS&I Customer research has shown that three key factors influence how customers choose to pay: Security, Ease and Confidence. Payment initiation offers a well-defined journey, with the necessary account details securely transferred using Open Banking technology. This reduces the risk of the customer making an error, and makes it easier for the customer to complete the task than a manually set up bank transfer. For NS&I, Payment Initiation is more cost-effective than debit card. Through the use of Payment Initiation, NS&I aims to reduce our future payment costs. We expect the Supplier to provide Application Programming Interfaces (APIs) to allow NS&I to enable our customers to seamlessly transition from our new mobile app or future website, to the customer's own bank and back to our online service for confirmation. The API should pre-populate the sort code, account number, account name, payment amount and payment reference. At a later date, NS&I may also require the following additional services: - Account Information, including the following services: Fraud Services, Identity Services, Income Verification Services, Affordability Services, Risk Identification Services and Transaction/ Fund Tracing and Monitoring Services. - Confirmation of Payee **Contract awarded via Further Competition under the Government Commercial Agency Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS RM6301.** Additional information: Contract includes one optional 12 month extension period.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/230c8e3f-6025-4240-b703-9369cbf94425 |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a dynamic purchasing system |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Sep 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 21 Nov 2025 |
| Contract period | 30 Aug 2026 - 29 Aug 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NS&I |
| Locality | LONDON |
| Postcode area | South East London |
| Postcode | SE1 9HA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI44 Lewisham and Southwark |
| Local authority | Southwark |
| Electoral ward | Borough & Bankside |
| Westminster constituency | Bermondsey and Old Southwark |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Ecospend Technologies Limited |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services
- 66110000 - Banking services
- 66111000 - Central bank services
- 66112000 - Deposit services
- 66113000 - Credit granting services
- 66113100 - Micro-credit granting services
- 66114000 - Financial leasing services
- 66115000 - International payment transfer services
- 66120000 - Investment banking services and related services
- 66121000 - Mergers and acquisition services
- 66122000 - Corporate finance and venture capital services
- 66130000 - Brokerage and related securities and commodities services
- 66131000 - Security brokerage services
- 66131100 - Pension investment services
- 66132000 - Commodity brokerage services
- 66133000 - Processing and clearing services
- 66140000 - Portfolio management services
- 66141000 - Pension fund management services
- 66150000 - Financial markets administration services
- 66151000 - Financial market operational services
- 66151100 - Electronic marketplace retailing services
- 66152000 - Financial market regulatory services
- 66160000 - Trust and custody services
- 66161000 - Trust services
- 66162000 - Custody services
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 66171000 - Financial consultancy services
- 66172000 - Financial transaction processing and clearing-house services
- 66180000 - Foreign exchange services
- 66190000 - Loan brokerage services
- 66500000 - Insurance and pension services
- 66510000 - Insurance services
- 66511000 - Life insurance services
- 66512000 - Accident and health insurance services
- 66512100 - Accident insurance services
- 66512200 - Health insurance services
- 66512210 - Voluntary health insurance services
- 66512220 - Medical insurance services
- 66513000 - Legal insurance and all-risk insurance services
- 66513100 - Legal expenses insurance services
- 66513200 - Contractor's all-risk insurance services
- 66514000 - Freight insurance and Insurance services relating to transport
- 66514100 - Insurance related to Transport
- 66514110 - Motor vehicle insurance services
- 66514120 - Marine, aviation and other transport insurance services
- 66514130 - Railway insurance services
- 66514140 - Aircraft insurance services
- 66514150 - Vessel insurance services
- 66514200 - Freight insurance services
- 66515000 - Damage or loss insurance services
- 66515100 - Fire insurance services
- 66515200 - Property insurance services
- 66515300 - Weather and financial loss insurance services
- 66515400 - Weather-related insurance services
- 66515410 - Financial loss insurance services
- 66515411 - Pecuniary loss insurance services
- 66516000 - Liability insurance services
- 66516100 - Motor vehicle liability insurance services
- 66516200 - Aircraft liability insurance services
- 66516300 - Vessel liability insurance services
- 66516400 - General liability insurance services
- 66516500 - Professional liability insurance services
- 66517000 - Credit and surety insurance services
- 66517100 - Credit insurance services
- 66517200 - Surety insurance services
- 66517300 - Risk management insurance services
- 66518000 - Insurance brokerage and agency services
- 66518100 - Insurance brokerage services
- 66518200 - Insurance agency services
- 66518300 - Insurance claims adjustment services
- 66519000 - Engineering, auxiliary, average, loss, actuarial and salvage insurance services
- 66519100 - Oil or gas platforms insurance services
- 66519200 - Engineering insurance services
- 66519300 - Auxiliary insurance services
- 66519310 - Insurance consultancy services
- 66519400 - Average adjustment services
- 66519500 - Loss adjustment services
- 66519600 - Actuarial services
- 66519700 - Salvage administration services
- 66520000 - Pension services
- 66521000 - Individual pension services
- 66522000 - Group pension services
- 66523000 - Pension fund consultancy services
- 66523100 - Pension fund administration services
- 66600000 - Treasury services
- 66700000 - Reinsurance services
- 66710000 - Life reinsurance services
- 66720000 - Accident and health reinsurance services

## Release History

- 24 Sep 2026 at 09:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/230c8e3f-6025-4240-b703-9369cbf94425

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/230c8e3f-6025-4240-b703-9369cbf94425
  24th September 2026 - Awarded contract notice on Contracts Finder
- https://app.panacea-software.com/nsandi/
  Click above to Apply (link to e-procurement portal)

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad.json.