PIN: UK_331 - Trapped Cash Solution (Global Payment Service Provider (PSP))

Published date: 31 January 2025

Contract summary

Industry

International payment transfer services - 66115000

Corporate finance and venture capital services - 66122000

Accounting services - 79211000

Location of contract

E20 1JQ

Value of contract

£0

Procurement reference

IT-117-3765-BC/03765

Published date

31 January 2025

Closing date

17 February 2025

Closing time

5pm

Contract start date

23 June 2025

Contract end date

21 June 2027

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

The British Council is seeking to conduct a market engagement with suppliers who can provide Online Payment Acceptance Services in challenging markets, primarily South-East Asia and Africa

All our commercial exam operations in all our countries face a currency mismatch - local currency revenue and GBP costs (primarily Exam Board fees).

This income is collected from customers in a range of payment journeys:
- Where the customer is paying while in an online journey
- The customer is paying cash in an office or teaching centre
- The customer pays electronically but is not in an online journey

British Council is investigating options to engage a specialist payment providers handling the British Council Online Payments across our challenging markets, primarily South-East Asia and Africa. Their service will enable the customer to pay in their local currency for any product and the British Council to receive hard currency in the UK.

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More information

Links

https://in-tendhost.co.uk/britishcouncil/aspx/

Additional information on how to apply for this contract

Additional text

If you are interested in expressing an interest and/or bidding for this project, please go to https://in-tendhost.co.uk/britishcouncil . You may then have to register your company before you can express an interest for this project and get access the documents.

Is a Recurrent Procurement Type? : No

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How to apply

Follow the instructions given in the description or the more information section.

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About the buyer

Contact name

Aung Thein

Address

1 Redman Place
Stratford
London
E20 1JQ
United Kingdom

Telephone

-

Email

Aung.Thein@BritishCouncil.Org

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