Advanced Certification in Digital Payment Jan 2021

Timings:9.30 AM onwards

Users will be shared with a link to log in & join the session.

Digital payments have evolved tremendously over the past few years. As more consumers become tech savvy the opportunities are endless. Relationship between Fintechs and banks are continuously becoming an important factor in making this happen. Collaboration among Banks, Customers and Fintechs will be crucial to define the future of banking.

We are witnessing movements across the globe driven by Digital Payments with not only banks taking various measures but governments also contributing to support initiatives to intensify progress on Digital Payments.

Course Content:

A. Payments Overview

    • Evolution of payments in India and across the globe,

    • Overview of Payment products, Understanding the digital payments ecosystem in the country, Payment lifecycle and customer touchpoints

    • Transition in digital payments post COVID

B. Payment Systems in India

    • Overview of the payment systems prevalent in the country like RTGS,NEFT, Cheque Truncation System (CTS), NACH/e-NACH

    • UPI 1.0 and UPI 2.0, Bharat QR and its technology & Operating model

    • Case Study

    • Bharat Bill payment system

    • Other NPCI Stack of Digital Payments: IMPS, AEPS and USSD

C. Payment based Business Models

    • Payment Gateway and different business models of Technology Service Provider, Aggregator, Payment Processor Providers, white label

    • Case study

    • PoS and POS based Business models, different technologies evolving in PoS such as MPOS, Soft PoS

    • Case Study

    • Wallets and Pre-Paid cards; different business models around pre-paid card such as Payroll, Gift, Travel etc;

D. Payment-As-a-Service

    • Overview of the Payment As A Service model, or alternatively Payment API Aggregator Platform

    • RBI Regulations on Payment Aggregators 

    • Payment aggregators on a global scale

    • Case study

E. Card Payments

    • Growth of Card payments

    • Types of cards and business models (prepaid, debit, credit)

    • Business models of acquiring and issuing banks

    • Payment Networks such as VISA, Mastercard, Rupay

    • Innovation in Card Payments such as EMV, Tokenization

    • Payment Switch and Operating model, overview of NFS

F. NACH / e-NACH

    • Platform for bulk payments and collections

    • Onboarding and Settlement flow

    • Challenges with the platform

    • Launch of e-NACH

    • Technology flow for debit and credit mandate

    • Case study of Lotus Pay

G. Regulatory Framework and Innovations in Payments

    • Newer licenses from RBI – Prepaid Payment Instrument, Payment Bank to enable digital payments

    • Understanding the New Umbrella Entity proposed by RBI. Innovative Use cases in Payments

    • European union PSD2 and its impact

H. B2B Payment and Remittance Firms for addressing Corporate / SME needs

    • Commercial / Corporate cards

    • Cross Border Payment and Remittance platforms

    • Blockchain based payments platforms

    • Emerging trends around Business Payments across globe

I. Payment Systems across the Globe

    • Overview of Real-time payments across Globe

    • Key Payment methods such as STET, SWIFT, TIPS (Target Instant Payment Settlement)

    • Payment Messaging Format such as ISO 20022

J. Payment Enabling Solution Stacks

    • Rewards and offers

    • Fraud Management Solution

    • Analytics and Monitoring solution for Digital Payments

K. Risk Management in Digital Payments

    • Settlement & Reconciliation Risks

    • Cyber Security in Digital Payments, and best practices used for digital security

L. Payment Based Emerging Lending Model

    • Merchant Cash Advance

    • Buy Now Pay Later

    • Ecommerce Checkout Financing