FREE
Introduction to Instant and Inclusive Payments is a self-paced course designed to prepare students with basic foundational knowledge in Instant and Inclusive Payments Systems (IIPS). It is also a tool that can be used to prepare the IIPS Foundations Exam.
Start Date
Self-paced. Start now!
Duration
5 Modules
Delivery
Online, in our digital classroom
As a student, you will be free to work through the course materials (comprising videos and texts) at your own pace. You will be presented with “Test yourself” questions in each lesson that will allow you to test your own understanding of the material. At the end of each module you will find an “Exam preparation quiz”. These quizzes mimic the structure and approach of the Foundations Exam and give you a chance to practice answering similar questions on the content. The Foundations Exam certifies a basic level of knowledge of IIPS and allows you to access advanced courses on specialized topics in IIPS. This course is designed to prepare you to take and pass the Foundations Exam.
Course Schedule
Module 1 : Introduction to Instant Payments
What are instant payments?
Important concepts relating to instant payments
Where did instant payments come from – and where are they going?
Factors impacting on the implementation of instant payments
Challenges for implementing instant payments
Risks and benefits of implementing instant payments
Module 2 : Introduction to Inclusionary Issues
Global principles for financial inclusion
Sustainable Development Goals
An introduction to instant and inclusive payment systems
Key role players
Foundational user requirements
The Level 1 Platform and Project
Module 3: Design Priniciples and Choices
Forming the scheme - considerations
Open loop and interoperability
Interconnected systems
Push payments and payments addressing
Inter-DFSP settlement
Module 4: Scaling the Platform
The importance of scalability
Use case considerations
Merchant acceptance
The advantage of shared services
Implementing a regional payment system
Cross-border payments
Module 5: Challenges of Implementing an IIPS
Existing DFSP business models
Managing agent liquidity
Transaction irrevocability
What now?