---
title: "International Payments Service"
ocid: "ocds-h6vhtk-04ce89"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04ce89"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04ce89.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04ce89.json"
source: "Find A Tender Service"
current_stage: "Planning"
buyer: "PENSION PROTECTION FUND"
published: "2025-01-09"
---

# International Payments Service

Buyer: PENSION PROTECTION FUND  
Current stage: Planning  
OCID: ocds-h6vhtk-04ce89

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## Summary

The Pension Protection Fund (PPF) is planning to procure an international payment service in Spring 2025. The tender, titled "International Payments Service," falls under the category of "services" with a focus on international payment transfer services (CPV 66115000). The procurement process is currently at the planning stage, with the Request for Information (RFI) Questionnaire submission deadline set for 1pm on 7 February 2025. This service will support PPF's operations in facilitating monthly payments to over 300,000 members, including 4,000 members residing overseas. The procurement location is within the UK, and it aims to address the payments in both GBP and various national currencies.

This tender offers significant opportunities for businesses specialising in banking and payroll management services, particularly those experienced in handling international transactions. Companies that can provide a robust and reliable payment solution ensuring value for money will find this tender ideal for expanding their service portfolio. As this service is critical for pensioners who depend on their PPF compensation, businesses with proven expertise in secure and efficient payment processes will be well-positioned to compete. The procurement process invites interested suppliers to register on PPF's eSourcing Portal, Jaggaer, and complete the RFI Questionnaire, thereby fostering early engagement and potential growth in the financial services sector.

## Notice

We plan to conduct a procurement process in the Spring of 2025 for our international payment service, following an early market engagement exercise. Most of our members are based in the UK, however some reside overseas. We require an international payment service to pay monthly member benefits to these members or their beneficiaries. This PIN is intended to alert potential suppliers of the opportunity and direct them to a short RFI Questionnaire as part of our early market engagement.

### Lot Information

Lot 1

We currently pay over 300,000 members and make payments of over PS70m per month. Approximately 4,000 of these members reside overseas in over 50 different countries. We therefore have a requirement to pay overseas bank accounts either in GBP or national currency. We currently use an external payment provider to facilitate these payments, working alongside our payroll team and systems. Given many of these pensioners rely on their PPF compensation for their income, it is imperative that our overseas solution is reliable, robust, and provides value for money. We administer the member payments and records, so would not expect an overseas payroll provider to have direct contact with members, only our internal team. In order to complete the RFI Questionnaire and express interest in this procurement please register on PPF's eSourcing Portal Jaggaer at https://ppf.bravosolution.co.uk/ and complete and upload the short questionnaire listed as PQQ 52 (the RFI Questionnaire is titled "PPF Request for Information - International Payments Service"). The RFI Questionnaire response deadline is 1pm on 7 February 2025.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/000643-2025 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Planning |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Jan 2025 |
| Submission deadline | Not specified |
| Future notice date | 3 Mar 2025 |
| Award date | Not specified |
| Contract period | Not specified |
| 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 | Planned |
| Lots status | Planned |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 66110000 - Banking services
- 66115000 - International payment transfer services
- 79211110 - Payroll management services

## Release History

- 9 Jan 2025 at 11:31 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/000643-2025

## Notice URLs

- https://ppf.bravosolution.co.uk/
- https://ppf.co.uk/

## 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-h6vhtk-04ce89. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04ce89.json.