RFP QuestBeta
Awarded · ResultStage · contract

H M REVENUE & CUSTOMS

Money Transmission Services - Lot 2

Financial ServicesCPV 66000000 66100000
Value£166.8m
Awarded3 Sept 2024
Published17 Jul 2025
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£166.8mtotal contract value
median £150k
this tender£0£180.1m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

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 sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations.

To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks.

The contracts will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector (including the National Health Service).

This Lot 2 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

Key requirements

What the supplier must deliver

01

His Majesty's Revenue and Customs (HMRC) is

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.

02

To deliver the direct-to-bank model and facilitate

To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
8671c39a-2a89-4010-8c74-e641746ba296
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
CW102122
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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