Awarded contract

Prepaid Card Services

Details

Value
GBP 450,000
Duration
4 years
Topic
Financial transaction processing and clearing-house services
Published
7 October 2025

Tender description

This contract provides long-term prepaid card services to support Islington Council's operations across Adult Social Care, Children's Services, NRPF, Client Finance, and Education. The service enables secure electronic fund transfers, real-time expenditure monitoring, and reduced manual payment processes, supporting a cashless model and safeguarding vulnerable clients. The contract was awarded via direct call-off from the NEPO505 Payment Solutions framework to Prepaid Financial Services (PFS), the incumbent provider. PFS was selected for their ability to meet all technical and operational requirements, including robust reporting and continuity of service. The contract commenced on 1 June 2025 and runs until 31 May 2029.

Timeline

  1. Completed: Award date1 June 2025
  2. Completed: Award published7 October 2025
    Current notice
  3. Next: Contract expiry date31 May 2029in 3 years

About the buyer

London Borough of Islington 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

  • 66172000 · Financial transaction processing and clearing-house services

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Decision makers

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