E-Money and Mobile Payments (EMM)

Source details

The Training Program Course is presented by the Monetary and Capital Markets Department.
Provides an in-depth exploration of e-money and mobile payments by examining:
- Developments around the globe.
- Pre-conditions.
- Business model.
- Platforms and technologies including NFC, Quick Response (QR) codes, and mobile wallets.
- Benefits to the economy and risks.
- Prudential regulations and contingency planning.
Designed to be interactive using a combination of:
- Lectures.
- Case studies/simulations.
- Group or individual presentations.
- Panel discussions.
Self-assessment exercises are based on targeted procedures and include:
- Use cases.
- Elements.
- Business models.
- Risks.
- Regulations.
Participants apply learning to a hypothetical country case study to clarify/formulate an overall fintech payment strategy and action plan.
Hands-on self-assessment results are discussed through group presentations and de-briefings.

Target Audience:
- Mid- to senior-level officials working in the payment, legal, technology, monetary policy, and financial stability departments at the central bank and in positions with similar responsibilities.
Qualifications:
- Participants should have experience in operations, policy, and/or oversight in one or more of the following areas: payments, legal, technology, monetary policy, and financial stability.

Upon completion of the course, participants should be able to:

Understand the fundamentals of e-money and mobile payments (definition and scope, characteristics, functionalities, etc.).
Understand e-money and mobile payment system developments, platforms, business model, and risks.
Investigate the oversight frameworks for e-money and mobile payments systems.
Clarify and formulate an e-money and mobile payment strategy as well as an action plan.