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AwardedUnited KingdomServices£55,020,000Add to pipeline

Money Transmission Services - Lot 3

Awarded to CITIBANK N.A. LONDON BRANCH

H M REVENUE & CUSTOMS(buyer)

Published
Published 31 July 2025
Deadline
Closed 3 September 2024

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Overview

HMRC has awarded a money transmission services contract (Lot 3) to Citibank N.A. London Branch for £55.02 million on 2 July 2025. The contract enables direct-to-bank payments for over 600 public sector organisations including government departments, agencies, and non-departmental bodies, with an initial 8-year term plus four optional 12-month extensions.

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Key details

Country
United Kingdom
Status
Awarded
Category
Services
Estimated value
£55,020,000
Procedure
Selective
SME suitable
No
Published
31 July 2025
Deadline
Closed
Classification (CPV)
Banking servicesFinancial consultancy, financial transaction processing and clearing-house servicesForeign exchange services

Award outcome

Awarded value
£55,020,000
Award date
2 July 2025
Contract period
3 July 2025 → 3 July 2037
Winner
  • CITIBANK N.A. LONDON BRANCH

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Notice history

Every published notice in this contracting process, newest first.

  1. Award Update

    31 July 2025

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