RFP QuestBeta
Awarded · ResultStage · contract

H M REVENUE & CUSTOMS

Money Transmission Services - Lot 1

Financial ServicesCPV 66110000 66170000 66180000
Value£99.6m
Awarded3 Sept 2024
Published12 Aug 2025
RegionLondon
Outcome — awarded

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

Contract value in context
£99.6mtotal contract value
median £150k
this tender£0£107.6m

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.

This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector.

This Lot 1 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

Requirements

What the notice asks for

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.

Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.

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Source & provenance
OCID
408faa56-4580-40d3-9224-0c2b5a14b6b4
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
CW102415
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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