Money Transmission Services - Lot 1

H M REVENUE & CUSTOMS
Selective procedure
28 July 2025 to 27 July 2037

Provision of money transmission services to support the direct-to-bank model for over 600 government and public sector organisations. The contract facilitates the secure processing of payments in and out of government, acting as a banking shared service provider.

Open the official notice

Awarded value: £99.6m; As published
Published: 12 August 2025; Contracts Finder
Awarded: 25 July 2025; Lloyds Banking Group
Contract length: 144 months; Ends 27 July 2037

What the buyer is asking for

Provision of commercial banking and money transmission services to facilitate direct-to-bank payment processing for government departments and public sector organisations.

Category: Banking services

Lifecycle

Publishedon Contracts Finder
12 August 2025
Contract awardedto Lloyds Banking Group
25 July 2025
Contract starts
28 July 2025
Contract ends
27 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

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

Cite this contract

Link: https://bidskim.com/tender/7248/money-transmission-services-lot-1
Buyer reference: CW102415
Open contracting ID: ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e
Source: Contracts Finder
Last checked: 12 October 2026

H M REVENUE & CUSTOMS. Money Transmission Services - Lot 1. Contract award, 12 August 2025. BidSkim, https://bidskim.com/tender/7248/money-transmission-services-lot-1 (accessed 12 October 2026).