Awarded contract

Money Transmission Services - Lot 3

Details

Supplier(s)
Citibank NA
Value
GBP 55,020,000
Duration
12 years
Topic
Banking services
Published
17 July 2025

Tender 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 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 3 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

Timeline

  1. Completed: Award date4 July 2025
  2. Completed: Award published17 July 2025
    Current notice
  3. Next: Contract expiry date3 July 2037

About the buyer

HM Revenue & Customs (HMRC) is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66110000 · Banking services
  • 66170000 · Financial consultancy, financial transaction processing and clearing-house services
  • 66180000 · Foreign exchange services

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Decision makers

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