Who Won It

Contract award · 17 Jul 2026

Digital Payment Services - Payments as a Service - Bacs Payment Fulfilment

Department for Work and Pensions awarded “Digital Payment Services - Payments as a Service - Bacs Payment…” to Form3 UK Limited for £7.84m on 17 Jul 2026.

Financial & insurance servicesLondon

BuyerDepartment for Work and Pensions
Value £7.84m
WinnerForm3 UK Limited SME

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Buyer
Department for Work and Pensions · Ministry or any other national or federal authority, including their regional or local subdivisions
Supplier
Form3 UK Limited SME
Value
£7,843,000
Procedure
Call-off from a framework agreement
Sector
Financial & insurance services · Financial transaction processing and clearing-house services (CPV 66172000)
Region
London
Official notice
View on Contracts Finder
Timeline
  1. Contract date17 Jul 2026
  2. Published23 Jul 2026Published 6 days after the contract date

Description

Procurement of a secure, scalable, ISO20022 compliant, cloud-based Payments as a Service (PaaS) solution that will enable DWP to modernise its integration with the Bacs scheme, while meeting the department's resilience, control, and operational requirements.

About the supplier

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