--- title: "PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))" ocid: "ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc.json" source: "Contracts Finder" current_stage: "Tender" buyer: "BRITISH COUNCIL" published: "2025-02-14" --- # PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) Buyer: BRITISH COUNCIL Current stage: Tender OCID: ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc.json) ## Summary The British Council is currently undergoing a tender process to engage a Global Payment Service Provider (PSP) for its "Trapped Cash Solution" project, with a focus on challenging markets, primarily in South-East Asia and Africa. The tender aims to handle online payment acceptance services, addressing currency mismatches between local revenue and GBP costs for commercial exam operations. This open procedure, initiated on 31 January 2025, is in the tender amendment stage with the tender period ending on 17 February 2025. The expected contract period runs from 23 June 2025 to 21 June 2027. The procurement falls under the industry category of financial consultancy, financial transaction processing, and clearing-house services. This tender represents significant business growth opportunities, particularly for companies specialising in international payment transfer services and well-versed in handling complex payment systems in various markets. Firms able to offer robust solutions for local currency acceptance and hard currency remittance to the UK will find this project highly beneficial. Businesses dealing with online payment systems, currency management, and financial consultancy services are well-suited to compete for this contract, leveraging the chance to collaborate with the prestigious British Council and expand their market presence in diverse international regions. ## Notice 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 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 journey British 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. PIN (Prior Information Notice): https://www.find-tender.service.gov.uk/Notice/003654-2025? 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. Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 14 Feb 2025 | | Submission deadline | 17 Feb 2025 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 23 Jun 2025 - 21 Jun 2027 | | 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 | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | BRITISH COUNCIL | | Locality | LONDON | | Post town | East London | | Postcode | E20 1JQ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI41 Hackney and Newham | | Local authority | Newham | | Electoral ward | Stratford Olympic Park | | Westminster constituency | Stratford and Bow | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66115000 - International payment transfer services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services ## Release History - 14 Feb 2025 at 12:26 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 - 5 Feb 2025 at 08:42 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 - 5 Feb 2025 at 08:41 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 - 3 Feb 2025 at 17:48 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 - 31 Jan 2025 at 19:34 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/004b2142-c64d-4221-94b9-5a21fc2ff143 14th February 2025 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/britishcouncil/aspx/ Additional information on how to apply for this contract ## Notice URLs - https://in-tendhost.co.uk/britishcouncil - https://www.find-tender.service.gov.uk/Notice/003654-2025 ## 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-af5c2410-ad4c-4376-8410-186810c375cc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-af5c2410-ad4c-4376-8410-186810c375cc.json.