GoCardless, the bank payment company, has officially been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework, the ‘one-stop-shop’ for all open banking services for the public sector.
GoCardless is now eligible to bid for account information services (AIS) and payment initiation services (PIS) Request for Tenders issued by any UK public sector body that uses the DPS. These include central government departments and wider public sector bodies, such as local authorities, education institutions, not-for-profit and charitable organisations.
Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2021/22, it helped the public sector to achieve commercial benefits equal to £2.8billion – supporting world-class public services that offer the best value for taxpayers.
Joining the DPS will help GoCardless unlock new strategic opportunities in government and deepen its footprint in the charity sector, where it already serves household names like JustGiving and Comic Relief. CCS estimates that the DPS will generate a sales pipeline worth as much as £800million over the next eight years.
Pat Phelan, managing director of UK&I and chief customer officer at GoCardless, commented: “GoCardless and open banking go hand-in-hand. From taking the first VRP transaction in 2018 to advocating for our customers in industry and regulatory working groups today, we’ve always been trailblazers in this space. Joining the first group of open banking providers on the DPS is a natural next step.
“We’re excited for the opportunity to bring the benefits of open banking to millions of businesses and consumers using government services, and to continue being the provider of choice in the charity sector.”
The news is the latest open banking milestone for GoCardless, which became the open banking payment provider for JustGiving last year. In 2023, credit card provider Yonder and ethical lender Plend, also selected GoCardless for Variable Recurring Payments (VRP).
