Money Transmission Services - Lot 3

H M REVENUE & CUSTOMS
Selective procedure
4 July 2025 to 3 July 2037

Provision of money transmission services to facilitate direct-to-bank payment models for over 600 government and public sector organisations. The contract supports high-volume financial transactions in and out of government, requiring integration with existing banking shared service frameworks.

Open the official notice

Awarded value: £55m; As published
Published: 31 July 2025; Contracts Finder
Awarded: 3 July 2025; Citibank
Contract length: 144 months; Ends 3 July 2037

What the buyer is asking for

Provision of commercial banking and money transmission services to support government departments and the wider public sector payment infrastructure.

Category: Banking services

Lifecycle

Publishedon Contracts Finder
31 July 2025
Contract awardedto Citibank
3 July 2025
Contract starts
4 July 2025
Contract ends
3 July 2037

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See the cash management market: prices, buyers and who wins →

The buyer

Type: Other public body
Cash management contracts, 24 months: 4
Open cash management tenders: 0
Typical cash management contract: £77.3m

See everything H M REVENUE & CUSTOMS buys →

How it compares

332× the typical cash management contract (£165k).

Cite this contract

Link: https://bidskim.com/tender/40594/money-transmission-services-lot-3
Buyer reference: CW102246
Open contracting ID: ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436
Source: Contracts Finder
Last checked: 12 October 2026

H M REVENUE & CUSTOMS. Money Transmission Services - Lot 3. Contract award, 31 July 2025. BidSkim, https://bidskim.com/tender/40594/money-transmission-services-lot-3 (accessed 12 October 2026).