Tender Details

Country: United Kingdom
Summary: Government Banking - Money Transmission Services
GBT Ref No: 99113575
Deadline: 26 Aug 2024
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: 334000000
Notice Type: Tender
Document Ref. No.: SR980435707
Purchaser's Detail:
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Description:
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:

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Government Banking - Money Transmission Services - Uk Tender

The H M REVENUE & CUSTOMS, a Government sector organization in United Kingdom, has announced a new tender for Government Banking - Money Transmission Services. This tender is published on UkTender under GBT Ref No: 99113575 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2024-08-26.

The estimated tender value is 334000000, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.