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AwardedUnited KingdomServices£450,000

Prepaid Card Services

Published
Published 7 October 2025
Deadline
Closed 31 May 2025

Overview

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.

Key details

Country
United Kingdom
Status
Awarded
Category
Services
Estimated value
£450,000
Procedure
Selective
SME suitable
No
Published
7 October 2025
Deadline
Closed
Classification (CPV)
Financial transaction processing and clearing-house services

Award outcome

Awarded value
£450,000
Award date
30 May 2025
Contract period
31 May 2025 → 31 May 2029
Winner
  • Prepaid Financial Services

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract Award Notice

    7 October 2025

Contracting authority

  • Islington Council

    Buyer

    LONDON, United Kingdom

    GB-SRS: sid4gov.cabinetoffice.gov.uk/3khd5KJZ

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Awarded: Prepaid Card Services — won by Prepaid Financial Services — Skim