Digital Payments & Banking
Payment systems, digital wallets, and open banking frameworks
Digital Payments & Banking
Executive Summary
Digital payments have moved from batch clearing and legacy rails to real-time, API-driven, and often 24/7 systems. Corporates, banks, and fintechs must navigate card networks, ACH, RTGS, and emerging rails while meeting regulatory expectations (e.g. PSD2, open banking) and customer demand for speed and transparency. For treasurers and payment managers, the choice of rails and partners directly affects cost, liquidity, and operational risk. Consultants advising on payment strategy, bank selection, or open banking implementation need to speak precisely about architecture, standards, and business models—this module provides that foundation and supports both in-house optimisation and client work that delivers value for money.
Learning Objectives
By the end of this manual, you will understand payment system architecture and infrastructure, digital wallet business models and technologies, open banking regulations and implementation, real-time payment networks and standards, and cross-border payment innovations.