Mid- to senior-level officials working in the payment and technology departments at the central bank and in positions with similar responsibilities.

Participants should have experience in the operations and oversight of payment systems.

This course, presented by the IMF's Monetary and Capital Markets Department, aims to provide a framework for understanding eMoney and mobile payments. This course begins with a definition of eMoney, discusses trends in the use of different means of payment including cash, and reviews recent developments in the area of eMoney and mobile payments. The course then discusses the pros and cons of eMoney, explores the conditions for eMoney adoption, and investigates the business models of mobile payment service providers. The course ends with a detailed discussion of macro-financial implications, of ensuing risks, and of the regulatory responses that should follow. The course is designed to be interactive by using a combination of lectures, case studies/simulations, and panel discussions. Moreover, the course would require participants to engage in self-assessment exercises based on systematic procedures. Also, participants would apply material from the course to a hypothetical country to clarify/formulate an overall fintech payment strategy and action plan. After the hands-on self-assessment experience, results are discussed through group presentations and de-briefings. (Note: The course may be subject to further changes to accommodate remote delivery).