H M REVENUE & CUSTOMS has floated a tender for Government Banking - Money Transmission Services. The project location is United Kingdom and the tender is closing on 26 Aug 2024. The tender notice number is SR980435707, while the TOT Ref Number is 99113575. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.

Expired Tender

Procurement Summary

Country : United Kingdom

Summary : Government Banking - Money Transmission Services

Deadline : 26 Aug 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 99113575

Document Ref. No. : SR980435707

Competition : ICB

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : GBP 334000000

Purchaser's Detail

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Tender Details

Title : Government Banking - Money Transmission Services

Location Of Contract : United Kingdom

Industry : Banking services - 66110000 Financial consultancy, financial transaction processing and clearing-house services - 66170000 Foreign exchange services - 66180000 Treasury services - 66600000

Value Of Contract : £334, 000, 000

Description : His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people.Government Banking (GB) sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations (hereafter referred to as "customers"). HMRC Commercial, a directorate within HMRC, is acting on behalf of GB in carrying out the procurement and will enter into the contract for the services with the successful bidders. To deliver the direct-to-bank model and facilitate payments in and out of Government, GB contracts with commercial banks. The current Money Transmission Service (MTS) contracts which facilitate this process are due to expire in March 2025.GB is seeking long term arrangements for MTS which are resilient, secure and able to move with industry changes. The following, non-exhaustive, list of bank...

Documents

 Tender Notice