International Payments Service
We plan to conduct a procurement process in the Spring of 2025 for our international payment service, following an early market engagement exercise. Most of our members are based in the UK, however some reside overseas. We require an international payment service to pay monthly member benefits to these members or their beneficiaries. This PIN is intended to alert potential suppliers of the opportunity and direct them to a short RFI Questionnaire as part of our early market engagement.
Buyer
Pension Protection Fund
Value
Not provided
Published
9 Jan 2025
Closes
9 Jan 2025
Procurement details
Source
Find a Tender
Region
Croydon
Procurement method
Not provided
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
66115000
International payment transfer services
66110000
Banking services
79211110
Payroll management services
Lots
Lot 1 International Payments Service
Value not provided
We currently pay over 300,000 members and make payments of over £70m per month. Approximately 4,000 of these members reside overseas in over 50 different countries. We therefore have a requirement to pay overseas bank accounts either in GBP or national currency. We currently use an external payment provider to facilitate these payments, working alongside our...
Delivery: United Kingdom
Documents
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Contains public sector information licensed under the Open Government Licence v3.0.