This training provides a comprehensive understanding of digital payments, covering the latest trends, technologies, and regulatory developments. Participants will gain insights into payment infrastructure, real-time payments, open banking, and the role of emerging technologies like blockchain and AI in shaping the future of payments.
- By the end of this program, participants will:
Understand the digital payments ecosystem and the changing role of banks and fintechs - Analyze the evolution from cash to digital payments, including benefits and challenges
- Identify key payment technologies and innovations, including POS and real-time payments
- Explain the impact of Open Banking, APIs, and Banking-as-a-Service
- Assess emerging trends such as AI, blockchain, BNPL, and BigTech in financial service
1. Introduction to Digital Payments
• Evolution of payment systems: From cash to digital
• Benefits and challenges of digital payments
2. Innovations in Digital Payment Methods
• The evolution of Point-of-Sale (POS) payments: NFC, Tap-to-phone, biometric POS.
• Instant & real -time payments
• Open Banking & Open Finance: How APIs are changing digital payments
• The rise of Banking-as-a-Service (BaaS)
• BigTech in Financial services (Apple pay, Google Pay, ..)
• BNPL (Buy Now, Pay Later)
Role of banks and financial institutions in the digital payment ecosystem