---
title: "Student Payment Service Provider"
ocid: "ocds-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UNIVERSITY OF BRISTOL"
published: "2024-06-04"
---

# Student Payment Service Provider

Buyer: UNIVERSITY OF BRISTOL  
Current stage: Award  
OCID: ocds-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7

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## Summary

The University of Bristol has awarded a contract for the provision of an International payment transfer service. The contract is valued at £4.5 million and will span a five-year period, with options to extend. The tender, titled "Student Payment Service Provider," aims to deliver a secure, efficient, and diverse payment service to enhance the student experience. The University prioritises timely income processing and prompt query resolution. The tender falls under the services category and was conducted through an open procedure with the tender period ending on 17th January 2024. Flywire Payments Limited has been awarded the contract.

This procurement opportunity by the University of Bristol presents potential growth avenues for businesses specialising in international payment transfer services. Companies that can provide secure and efficient payment solutions, offer diverse payment channels, and ensure prompt query resolution are well-suited to compete. The contract duration and size provide stability for successful bidders to establish long-term partnerships with the University and cater to the diverse needs of students. Businesses with experience in the services sector and a track record of meeting stringent compliance requirements will find this tender beneficial for business expansion opportunities.

## Notice

The University of Bristol is awarding a contract to deliver business objectives relevant to the procurement include providing a secure, compliant, and efficient (with respect to time and cost) payment service which meets the diverse needs of a wide range of payers and forms a positive part of the overall student experience. The priority of the University is to ensure the timely and accurate posting of income, and prompt resolution of payment queries. To deliver a positive payment experience to students we aim to provide: - a secure and efficient (with respect to time and cost) payment service, - prompt, courteous, and well-informed resolution of queries around payment, - a range of payment channels to suit different needs, and -maximum visibility for the student of their payment from initiation to allocation. Additional information: Contract is five (5) years split into initial three (3) years, with two (2) plus one (1) year options to extend (3 + 1 + 1). Price in notice is a forecast of the initial 3 years. Each year forecasted costs of PS1.5M, therefore a full 5 year contract estimated at PS7.5M.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/82aa87e4-b91c-4050-8c54-ec5e742df7fe |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Jun 2024 |
| Submission deadline | 17 Jan 2024 |
| Future notice date | Not specified |
| Award date | 2 Jun 2024 |
| Contract period | 2 Jun 2024 - 3 Jun 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £4,500,000 |
| Lots value | Not specified |
| Awards value | £4,500,000 |
| 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 | UNIVERSITY OF BRISTOL |
| Locality | BRISTOL |
| Post town | Bristol |
| Postcode | BS1 5DS |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK5 West of England |
| ITL 3 | TLK51 Bristol, City of |
| Local authority | Bristol, City of |
| Electoral ward | Central |
| Westminster constituency | Bristol Central |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | FLYWIRE PAYMENTS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66115000 - International payment transfer services

## Release History

- 4 Jun 2024 at 14:00 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/82aa87e4-b91c-4050-8c54-ec5e742df7fe

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/82aa87e4-b91c-4050-8c54-ec5e742df7fe
  4th June 2024 - Awarded contract notice on Contracts Finder

## 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-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-669a09a2-5606-4f9f-961e-b0bc6e2a1af7.json.