AwardedAwarded 20 August 2026
Payment Exception Project
Department for Work & Pensions · Central government
In brief
Department for Work & Pensions awarded financial services work to Paypoint Network Limited on 20 August 2026.
The notice gives a value of £22,532,075 excluding VAT.
The contract runs for 3 years, up to 5 years with extensions, starting 5 February 2026.
The buyer says it is suitable for small and medium-sized businesses.
Built from the notice's own fields. Always check the official notice before you bid.
What the notice says
Payment Exception Project is a cash-out service required to fulfil the Secretary of State obligation to ensure payment of entitlement to customers who do not have a transactional account (bank, building society, credit union). The service supports unbanked customers to receive payment of entitlement through an alternate method of payment to that of the BACS payment process, on a date of payment entitlement.
Who won
| Winner | Value | Dates |
|---|---|---|
| Paypoint Network Limited 1 bid received | £12,997,124 | Awarded 20 August 2026 |
Values as the award notice gives them, excluding VAT where stated.
Timeline
- Tender notice · UK4, notice 064255-2025
- Tender notice · UK4, notice 067964-2025
- Contract award notice · UK6, notice 079547-2026
About the buyer
Department for Work & PensionsLast 12 months
Procurements
197Awards
147Suppliers it has used most for financial services
- AECOM Limited1 contract
- Paypoint Network Limited1 contract
- Willis Limited1 contract
Similar open tenders
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- £23mframework ceiling
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From notice 064255-2025 on Find a Tender, first published 10 October 2025, last updated 20 August 2026. We last checked for changes on 28 September 2026.