Engagement of Technology Provider for Implementation of National Payment System Strategy... Tender

Procurement Summary

Country : UAE

Summary : Engagement of Technology Provider for Implementation of National Payment System Strategy (Npss)

Deadline : 29 Nov 2022

Other Information

Notice Type : Tender

TOT Ref.No.: 74419894

Document Ref. No. : UAE:IT:2022: NPSS

Competition : ICB

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Tenders are invited for Engagement of Technology Provider for Implementation of National Payment System Strategy (Npss)

Scope of Work & Service Level Terms
2.1 General Requirements /High Level Scope Points
As a Vision of UAE CB and UAE Government, UAE Government is looking forward to make Cashless
country, paper less transaction, faster processing and support customers 24x7. With an aim to enable
safe, efficient and customer-centric domestic and cross-border payments, the Central Bank of the UAE
launched an initiative to develop a National Payment Systems Strategy. Under this strategy, the UAE
Central Bank will ensure the payment systems are interoperable and well regulated, and will also work
towards supporting the transformation of the UAE to a cashless society in the long run.
This enables the customer-centric payments and serves to drive the overall competitiveness level of the
UAE economy and benefit the public and private ecosystem, while supporting the UAE smart government
agenda. This will result in benefiting from higher quality services at a competitive cost, in addition to
reduced transaction fees, greater levels of efficiency, improved collection cycles, and more innovative
payment channels.
Key features of NPSS are: -
➢ Rationalization of CBUAE-s Payment Systems landscape
➢ Development and operation of the Instant Payment Platform
➢ Modernization of infrastructure and data center for payment systems
➢ Transaction processing in less than 10 seconds
➢ Transactions are irrevocable.
➢ Always available 24x7
➢ Mobile friendly
➢ Transfer money to your contacts using their mobile number or email
➢ Request payment using QR Code and Mobile Numbers.
➢ Electronically authorize direct debit mandates and claims
➢ Issue and present fully digital cheques
Instant Payment platform (UAEIPP) is one of the components of the NPSS Platform. UAEIPP platform will
be released in three releases. Each release functionalities are provided below and the vendor should
support all the future current and the future releases given below.
Release -1 Functionalities
❖ Proxy Addressing Service
❖ Payment Services (Send/Receive)
❖ Request to Pay
❖ UAEIPP Value Added Services
❖ Tokenization Services for QR Codes
❖ White label App for Consumers
Release -2 Functionalities
❖ UAEIPP Core service - Direct Debit
❖ UAEIPP Overlay service -Electronic Direct Debits (e-DDA)
❖ White label App for Merchants
Release -3 Functionalities
❖ UAEIPP Overlay service -Electronic cheques (e-Cheques)
2.2 High Level Requirements
➢ Development and operation of the Instant Payment Platform
➢ Enabling the channels, primarily the mobile application and CBUAE White label App for UAEIPP
Transactions.
➢ Registering the Consumer and Merchants in the overlay services.
➢ Real time fund transfer and settlements.
➢ Performing the P2P and P2B Transactions.
➢ Performing Realtime and Batch Transactions.
➢ Transaction processing in less than 10 seconds.
➢ Processing of ISO 20022 messages
➢ Process implementation based on best international and standard practices.
➢ Improve governance and reduce operational related risks.
➢ Better Service Level monitoring.
➢ Perform Strong Customer Authentication (SCA)
➢ Centralized enterprise service desk for better collaboration and reporting.
➢ Real time reports, alerts setting can be achieved based on the product/industry/customer
requirements by the bank.
➢ Decommissioning of Legacy systems and application consolidation.
➢ Modernization of infrastructure and data center for payment systems
➢ Interfaces with banking systems as specified in Sec 2.4.3.

A.l RFP No. UAE:IT:2022: NPSS
A.2 Date & Time of Issuing RFP 9th November 2022, 5 PM GST
A.3 Last Date of receiving request for clarifications before the Pre-bid Meeting 18th November 2022, 5 PM GST
A.4 Last Date & Time of Submission of Bids 29th November 2022, 5 PM GST
A.5 Vendor Presentation and Part I Technical Bid Opening 5th December 2022
A.6 Date & Time of opening of Part-II Commercial Bid 6th December 2022, Time shall be communicated separately.
A.7 RFP Coordinator Name, Contact details (Bank) Krishnan PS, Senior Manager, IT Projects Contact No. +971 50 742 1933 Email: it.uae@bankofbaroda.com Postal Address : Bank of Baroda, Zonal Office, Umm Hurair Building, Al Karama, Dubai

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