--- title: "Overseas Payment Provider" ocid: "ocds-h6vhtk-0507fe" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0507fe" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0507fe.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0507fe.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "STUDENT LOANS COMPANY LTD" published: "2025-04-26" --- # Overseas Payment Provider Buyer: STUDENT LOANS COMPANY LTD Current stage: Planning OCID: ocds-h6vhtk-0507fe [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0507fe) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0507fe.json) ## Summary The Student Loans Company Ltd, a public authority operating under sub-central government, is in the planning stage of a procurement process for a service titled "Overseas Payment Provider". This initiative is targeted towards assisting SLC's 9.7 million customers living abroad to manage their loan repayments in foreign currencies efficiently. The procurement falls under the services category, specifically international payment transfer services, and is to be executed in Darlington, United Kingdom. The preliminary market engagement phase, aimed at gauging market interest and refining the procurement strategy, is scheduled to culminate by 19th May 2025. The contract period is projected to span from 30th June 2026 to 30th June 2031, with potential extensions up to 2033. This procurement presents a significant opportunity for businesses specializing in international payment processing services. Companies adept at integrating systems for efficient reconciliation and customer data handling will find this tender particularly appealing. The engagement offers a chance not only for service provision but also for long-term collaboration with a major public entity managing a substantial financial operation. Suppliers with experience in handling bulk financial transactions and cross-currency processing are best suited to compete in this process, which could lead to enduring business growth and expansion within the public sector. ## Notice The Student Loans Company (SLC)is a non-profit making government owned organisation that administers loans and grants to students in colleges and universities in the UK. We have 9.7 million customers, manage a loan book worth PS260.8bn and manage the full end to end "apply, asses, pay and repay "process. SLC is seeking a supplier to provide a repayment service for SLC customers, who live abroad ,that allows them to make low-cost repayments in the foreign currency of their choosing and for this to be quickly repaid to SLC in sterling. The service must capture all customer contact information and SLC customer reference number, these details to be captured for every transaction made and sent onto SLC to allow SLC to quickly identify the customer account to be credited. Integration to a SLC system will be necessary to allow for an efficient reconciliation process. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-title/3A2M7NPBDC To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/3A2M7NPBDC ### Planning Information Prior to initiating the procurement, SLC wishes to establish the level of market interest to participating in the forth coming procurement process. Suitably qualified and experienced suppliers who may have an interest in this project are invited to complete the questionnaire that is available to registered suppliers via the Delta e-tendering system, for this Preliminary Market Engagement. The high level requirements are detailed within the online questionnaire. The purpose of the market engagement is to help assess the reaction of the market, to understand risks and future possibilities to ensure a future proofed procurement strategy and resulting contract. Please note that lengthy questionnaire responses are not necessary at this stage. However, SLC would welcome any pertinent information on your company's views on an approach to the provision of the required services. Any submission received in response to this exercise will not constitute any contractual agreement between the respondent and SLC. Nor does the receipt of a response automatically include the respondent in the procurement process. A Tender Notice will be issued to the market which will provide details of how the relating procurement documentation can be accessed and timescales for submission of the said tender response. Interested parties shall bear their own costs of participation in this Market Engagement of whatever nature. SLC shall not be liable for the costs, expenses or losses howsoever arising (including, without limitation, any loss of profit or other economic loss incurred), regardless of the outcome of the Market Engagement. The next stage in the process will be considered once this exercise has been completed. **PLEASE NOTE: ALL COMPLETED QUESTIONNAIRES MUST BE SUBMITTED, BEFORE 12:00 on the date specified within the Preliminary Market Engagement tenderbox, namely Monday 19th May 2025. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/017168-2025 | | Notice type | UK2 - Preliminary Market Engagement 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 | 26 Apr 2025 | | Submission deadline | Not specified | | Future notice date | 19 May 2025 | | Award date | Not specified | | Contract period | 30 Jun 2026 - 30 Jun 2031 | | 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 | Planning | | Lots status | Planning | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | STUDENT LOANS COMPANY LTD | | Locality | DARLINGTON | | Post town | Darlington | | Postcode | DL1 1RW | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC3 Tees Valley | | ITL 3 | TLC33 Darlington | | Local authority | Darlington | | Electoral ward | Red Hall & Lingfield | | Westminster constituency | Darlington | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66115000 - International payment transfer services ## Release History - 26 Apr 2025 at 21:03 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/017168-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/017168-2025 26th April 2025 - Preliminary market engagement notice on Find a Tender ## Notice URLs - https://www.delta-esourcing.com/respond/3A2M7NPBDC - https://www.delta-esourcing.com/tenders/UK-title/3A2M7NPBDC - https://www.legislation.gov.uk/ukpga/2023/54/contents ## 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-0507fe. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0507fe.json.