PROCURING FOR
PROCURING FINANCIAL SERVICES FOR YOU
Efficient, robust and legally compliant solutions, professionally procured using insight from end-users and market intelligence.
PROCURING FINANCIAL SERVICES
Collaboration is at the heart of everything that NEPO does
Our procurement solutions are the result of consultation with the public sector, suppliers and end users, so that we deliver positive outcomes for the communities we serve.
Our portfolio of over 80 solutions is available for use by any public sector body across the UK via our free associate membership scheme.
Financial Services – Category Expertise
NEPO’s Financial Services solutions have been developed to deliver value through competitive pricing, offer flexibility to end users and drive innovation to support the changing needs of the market.
We work closely with our members and associates to undertake all contract management to ensure that our solutions meet the needs of the public sector and provide a compliant route to market in this highly regulated industry.
A wide range of public sector organisations use NEPO’s Financial Services solutions including local authorities, schools, colleges and universities, NHS and emergency services.
“NEPO have undertaken extensive market and stakeholder engagement to identify the financial services available to the public sector.
Stakeholder and supplier engagement has allowed us to build a category of innovative solutions which are flexible to adapt with the ever changing landscape of the financial services industry.”
Nick McDonald Procurement Specialist Corporate Services and ICT
OUR FINANCIAL SERVICES SOLUTIONS
Payment Card Services
Payment Card Services is a multi-lot, multi-supplier framework agreement for prepaid and corporate payments. This solution is available for use by UK public sector organisations and can be accessed by undertaking a further competition or by direct award. It was procured in partnership with ESPO and YPO, with NEPO leading the collaborative process.
Solution benefits:
� NEPO’s dedicated Corporate Services team has a wealth of experience and are on hand to provide advice and guidance.
� Compliant route to market, removing the need to undertake a lengthy procurement process.
� Public sector buyers can appoint providers via further competition or direct award, to access flexibility and choice.
� NEPO has undertaken extensive market consultation in advance of procuring this solution, to ensure end-user requirements are met.
� Allpay
� Prepaid Financial Services
Reference: NEPO505
� Lloyds Bank
� NatWest
Current end date: 20 September 2026
Final end date: 20 September 2028
Area covered: Nationally available to all UK public sector organisations
� Mastercard
� Financial Conduct Authority � VISA
Call off options:
� Direct Award
� Further Competition
NEPO contact: Nick McDonald
OUR FINANCIAL SERVICES SOLUTIONS
Early Payment Services
Delivered in partnership with Oxygen Finance, Early Payment Services helps UK public sector organisations achieve efficiencies, whilst also supporting suppliers during challenging times. Oxygen Finance is a specialist B2B payments business and the leading provider of early payment programmes, with vast experience in this area and award-winning service.
Solution benefits:
� Purchase-to-pay efficiencies and reduced costs.
� Generates predictable income and savings.
� Recognises one size does not fit all, and offers flexibility to adapt to spend category profiles and supplier demographics.
� Supports cashflow for suppliers during these challenging times.
Delivered by:
� Oxygen Finance
Reference: NEPO521
Current end date: 30 April 2026
Final end date: 30 April 2028
Supported by:
� Oxygen Finance Insights
Call off options:
� Direct Award (Single Supplier)
Area covered: Nationally available to all UK public sector organisations
NEPO contact: Nick McDonald
OUR FINANCIAL SERVICES SOLUTIONS
General Banking Services
General Banking Services delivers core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and associated interest payments. This solution was procured in partnership with ESPO and YPO, with NEPO leading the collaborative process.
Solution benefits:
� Compliant route to market avoiding the need to undertake a full procurement process.
� Quick and easy access for contracting authorities.
� Contract management undertaken by NEPO.
� Pre-agreed terms and conditions avoiding lengthy negotiations with suppliers in a heavily regulated industry.
Delivered by:
� Barclays
� Lloyds Bank
� NatWest
Reference: NEPO531
Licensed and regulated by:
� Financial Conduct Authority
� Bank of England Prudential Regulation Authority
Current end date: 13 March 2028
Final end date: 13 March 2032
Area covered: Nationally available to all UK public sector organisations
Call off options:
� Direct Award
� Further Competition
NEPO contact: Nick McDonald
OUR FINANCIAL SERVICES SOLUTIONS
In development
Financial Innovation and Digital Payments
NEPO is working in partnership with ESPO and YPO to establish a dynamic market under the new procurement regulations for the provision of financial innovation, digital payments and fund disbursement services.
Reference: NEPO532
Area covered: Nationally available to all UK public sector organisations
Tail Spend Management Services
NEPO contact: Nick McDonald
Used to enhance tail spend management by utilising improved commercial agreements, reducing administration burdens for procurement and accounts payable teams and consolidating supplier relationship management through the use of eProcurement.
Reference: NEPO534
Area covered: Nationally available to all UK public sector organisations
NEPO contact: Nick McDonald
