--- title: "UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2" ocid: "ocds-h6vhtk-04db79" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04db79" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04db79.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04db79.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "BRITISH COUNCIL" published: "2025-02-04" --- # UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2 Buyer: BRITISH COUNCIL Current stage: Planning OCID: ocds-h6vhtk-04db79 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04db79) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04db79.json) ## Summary The British Council is initiating a procurement process titled "UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) - Rev 2," focusing on services within the financial consultancy, financial transaction processing, and clearing-house services category. The procurement is in the planning stage as of 4 February 2025, with an announcement date of 31 January 2025. The contract location is British Council, 1 Redman Place, Stratford Cross, London, E20 1JQ, and the procurement reference is IT-117-3765-BC/03765. Key dates include a future notice date on 10 March 2025. This initiative aims to engage suppliers for online payment acceptance services in challenging markets, primarily in South-East Asia and Africa. This tender presents significant opportunities for businesses specializing in international payment transfer services, corporate finance, venture capital services, and accounting services. Companies with capabilities in handling online payments, particularly in diverse and challenging markets, are well-suited to this tender. By providing payment solutions that allow the British Council to consolidate revenues from different sources and convert local currencies into hard currency for the UK, businesses can enhance their market reach and bolster their portfolio with a key public sector client. ## Notice 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 journeyBritish 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. ### Lot Information Lot 1 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. 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.Intend Reference: BC/03765Project Title: PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP)) ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/003654-2025 | | 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 | 4 Feb 2025 | | Submission deadline | Not specified | | Future notice date | 10 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 | BRITISH COUNCIL | | Locality | MANCHESTER | | Post town | Manchester | | Postcode | M1 6BB | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD3 Greater Manchester | | ITL 3 | TLD33 Manchester | | Local authority | Manchester | | Electoral ward | Piccadilly | | Westminster constituency | Manchester Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66115000 - International payment transfer services - 66122000 - Corporate finance and venture capital services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services ## Release History - 4 Feb 2025 at 14:05 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/003654-2025 ## Notice URLs - http://www.britishcouncil.org - https://in-tendhost.co.uk/britishcouncil ## 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-04db79. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04db79.json.