---
title: "Payment Initiation Services"
ocid: "ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NS&I"
published: "2024-09-02"
---

# Payment Initiation Services

Buyer: NS&I  
Current stage: Award  
OCID: ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c.json)

## Summary

The procurement process for "Payment Initiation Services" conducted by NS&I (National Savings and Investments) focuses on the provision and maintenance of secure bank transfer services for its customers. The industry category is "Financial and insurance services," and the specific CPV code is 66000000. This contract, valued at GBP 0, was awarded to Ecospend Technologies Ltd on 14th August 2024. The contract period runs from 30th August 2024 to 29th August 2025, with an optional extension of 12 months. The procurement method was direct, classified as a "Single tender action (below threshold)," and it follows a completed tender stage.

This tender presents significant growth opportunities for businesses involved in financial technology and digital banking services. Companies specialising in secure payment solutions, particularly those capable of providing efficient and user-friendly banking interfaces, are well-suited to compete. Larger businesses with a focus on innovative financial services and a proven track record in handling similar projects can leverage this contract to expand their market presence. The project not only opens doors for collaboration with a reputable public sector organisation like NS&I but also enhances credibility and visibility in the highly competitive financial services industry.

## Notice

NS&I has a requirement for the provision and maintenance of Payment Initiation Services in order to allow NS&I's customers to pay NS&I by bank transfer using a secure, simple and efficient process. Contract awarded for a period of 12 months, with an optional 12 month extension option.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4f983f0f-f9f1-43e4-bde1-472e54d6d52b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Sep 2024 |
| Submission deadline | 13 Aug 2024 |
| Future notice date | Not specified |
| Award date | 13 Aug 2024 |
| Contract period | 29 Aug 2024 - 29 Aug 2025 |
| 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 |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLE Yorkshire and The Humber |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ECOSPEND TECHNOLOGIES |

## 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

- 2 Sep 2024 at 16:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4f983f0f-f9f1-43e4-bde1-472e54d6d52b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4f983f0f-f9f1-43e4-bde1-472e54d6d52b
  2nd September 2024 - 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-b1a36272-8fcc-4e3a-8df8-5d196b57756c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b1a36272-8fcc-4e3a-8df8-5d196b57756c.json.