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46.80 0.00 (0.00%)

Bid:

45.60

Ask:

48.00

Spread: 2.40 (5.263%)

Market Cap: £33.91m

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PCI-PAL secures re-tender with DWP

Mon, 04th Nov 2024 10:15

(Sharecast News) - Secure payment solutions provider PCI-PAL said on Monday that it has been successful in winning the re-tender for its business with the Department for Work and Pensions in the UK.

PCI-PAL said it was successful in re-securing the business following an "extensive and competitive tender process" that was run by the DWP.

The AIM-listed group stated the contract was worth more than £5.0m over an initial three-year term and includes an option for the DWP to renew for up to a further three years at the end of the initial period.

Chief executive James Barham said: " We are delighted to have been successful in the competitive re-tender of this major customer contract.

"This sizeable re-tender win is a further example of the service excellence we provide to our very largest contact centre customers, in both the public and private sectors, through our highly scalable cloud platform, top percentile industry service level uptime, and outstanding relationship and account management."

As of 1015 GMT, PCI-PAL shares were up 7.00% at 69.55p.

Reporting by Iain Gilbert at Sharecast.com