Request for Proposals (RFP) for Fast Payment Systems (FPS) Solution
Published: Friday October 31st, 2025
Request for Proposals (RFP) for Fast Payment Systems (FPS) Solution
This Request for Proposal (RFP) is issued by the Central Bank of The Bahamas, inviting technical and commercial proposals from qualified Bidders for the design, supply, implementation and ongoing support of a Fast Payment System (FPS) Solution.
The Bank seeks a Bidder with a proven track record of delivering the services and solutions outlined within the RFP, a demonstrated awareness of the spectrum of solutions available in the market, and the capacity to manage timelines, deliverables and implementation risks. Other factors that shall contribute to the selection of a Bidder include, but are not limited to, total cost, service and support, ease of use of the proposed solution, and interoperability with existing platforms and third-party applications.
The Bank will award the contract based on a comprehensive evaluation of each proposal in accordance with the criteria, standards, and weighting identified in Section 5 of this RFP as applied to the total solution proposal. Each bidder’s proposal will be considered as a whole solution, without limitation, including all hardware, software and services proposed, qualifications of the bidder and any subcontractors, and cost.
All inquiries, interpretations, or clarifications, either administrative or technical, regarding this RFP, must be requested by email no later than the date indicated in the Schedule of Events. All non-proprietary written questions will be answered in writing and conveyed to all bidders. Oral statements concerning the meaning or intent of the contents of this RFP, by any person, are not considered binding. Questions regarding any aspect of this RFP should be sent electronically, by 30 November 2025, to:
Tenders’ Committee Central Bank of The Bahamas
Subject Line: CDFPS202501 Fast Payment System (FPS) Solution Request for Proposals
Electronic copies of the proposal must be received on or before 19 December 2025, 4:00 pm EDT. Faxed, hardcopy or oral proposals will not be accepted and could result in disqualification.
