Advanced Workshops
Global Payments
Get a global snapshot of similar and unique payments activity.
Efficient and inclusive financial services are vital to economic growth. New payments systems and innovations are popping up all over the globe and transforming the way individuals and businesses behave.
This workshop is designed for payments professionals that want to learn about global payments trends. We begin the workshop by aligning on key concepts to understand the world of global payments, including what is similar and what is unique across various markets. We then explore payments activities in select countries, looking at innovations like faster payments, digital wallets, and BNPL in these markets. We shift to explore the unique challenges of cross-border payments and how they are changing in today’s market.
Location
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Agenda
Global Payments Key Concepts – 0:30 Hours
- What is a domestic payment system?
- How countries run their payments systems
- Commonalities and differences among countries
- Global shift to instant, credit push payments and other payments trends
Payment Systems in the Americas – 0:45 Hours
- Countries Covered – Canada, Brazil, Mexico
- Domestic Spotlight – Interac, Real-Time Rails (RTR), Boleto Bancario, Nubank, iti, Mercado Pago, CoDi, Oxxo, and RappiPay
Payment Systems in Asia-Pacific – 0:45 Hours
- Countries Covered – China and India
- Domestic Spotlight – AliPay, WeChat Pay, Paytm, UPI
Payment Systems in Europe – 0:45 Hours
- Countries Covered – EU, The Netherlands, and UK
- Domestic Spotlight – Klarna, iDEAL, SEPA (credit, debit, instant)
International Wire Evolution – 1:00 Hours
- How sending money from one country to another works
- International wires, correspondent banking, and SWIFT
- Economics – End-to-end fee analysis on an international wire
- Rise of SWIFT gpi – What it is, how it works, usage metrics
Cross-Border Card Processing – 1:00 Hours
- Cross-border card payments – Flows, economics, and implications
- Dynamic currency conversion – Flows, economics, and relevant rules
- Multi-currency pricing – How it differs, where it fits
- Multi-currency cards – How they work, where they fit
Cross-Border Online Commerce – 0:75 Hours
- Global PSPs – models and value proposition
- General approach to domestic payment methods
- Cross-border domestic processing
Cross-Border Fast Payments – 0:30 Hours
- Immediate Cross-Border Payments (IXB)
- BIS Project Nexus
Wrap Up & Q&A
Daily Schedule
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Fees, billing, discount and refunds
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Local Airports, Driving Directions, Hotels
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Reference Materials & Resources
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