The Future of Payment Technologies

The Future of Payment Technologies

This course is part of Financial Technology (Fintech) Innovations Specialization

Instructor: Andrew Wu

Access provided by Rupani Foundation

61,971 already enrolled

3 modules

Gain insight into a topic and learn the fundamentals.

4.7

(1,749 reviews)

Beginner level

No prior experience required

Flexible schedule

6 hours to complete

Learn at your own pace

98%

Most learners liked this course

3 modules

Gain insight into a topic and learn the fundamentals.

4.7

(1,749 reviews)

Beginner level

No prior experience required

Flexible schedule

6 hours to complete

Learn at your own pace

98%

Most learners liked this course

What you'll learn

Explain how current payment systems operate.
Describe inefficiencies in current practices in the processing of payments.
Relate new technological innovations to current inefficiencies.
Build value propositions for new technologies in the payment space.

Skills you'll gain

Details to know

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Assessments

8 assignments

Taught in English

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This course is part of the Financial Technology (Fintech) Innovations Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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There are 3 modules in this course

Discover the future of payment technology, from mobile payments to tokenization.

In this course, you will learn new ways of making payments from consumer-to-business (C2B), from consumer-to-consumer (C2C), and from business-to-business (B2B). You will explore current payment system technologies to examine their strengths and weaknesses, and understand the ways technological innovation is changing these traditional systems. You’ll learn about new front-end innovations like digital wallets and mobile payments and also discover back-end innovations like tokenization, mobile money, and new payment infrastructure.

Welcome to the first module of this course! In this module, you'll dive into the world of FinTech innovations and discover how digital wallets are revolutionizing the money transfer industry. This module explores legacy systems like check processing and advances to modern solutions like ACH and digital wallets, illuminating their impact on financial transactions.

What's included

6 videos5 readings3 assignments2 discussion prompts

6 videosTotal 46 minutes

Introduction to Fintech Innovations in the Payment Sector5 minutes
The Checking System and the Importance of Financial Intermediation7 minutes
Electronic Fund Transfers Using Automated Clearing House (ACH)10 minutes
Pure Digital Wallets8 minutes
From Pure Wallet to Payment Ecosystem8 minutes
Social-Network-Based Payment Innovations6 minutes

5 readingsTotal 45 minutes

Introduction to the Fintech Innovations Specialization15 minutes
Course Syllabus5 minutes
Pre-Course Survey10 minutes
Previewing the Future of Payment Technologies Case Study5 minutes
Case Reading: The FinTech Island Story10 minutes

3 assignmentsTotal 40 minutes

Practice Quiz: FinTech and Digital Wallets10 minutes
Case Study Quiz: What's Happening in Payment Technologies?15 minutes
Module 1: Quiz15 minutes

2 discussion promptsTotal 25 minutes

Introduce Yourself to Your Peers!10 minutes
Case Check-In: What Happening in Payment Technologies? 15 minutes

In this module, you'll explore the evolution of credit card technologies and their impact on modern payment systems. This module covers the origin of credit cards, the stakeholders involved, and the innovations addressing security and accessibility challenges.

What's included

7 videos2 readings3 assignments1 discussion prompt

7 videosTotal 47 minutes

Origin of the Credit Card network5 minutes
Credit Card Network: Key Stakeholders and Business Models9 minutes
The Credit Card Network: Advantages and Inefficiencies7 minutes
Innovations that Make Credit Card Transactions More Secure, Part 14 minutes
Innovations that Make Credit Card Transactions More Secure, Part 24 minutes
Innovations that Make Credit Card Transactions More Secure, Part 35 minutes
Innovations that Expand Credit Cards’ Customer Base9 minutes

2 readingsTotal 10 minutes

Case Reading: FinTech Island Continued5 minutes
Case Reading: FinTech Island Continued5 minutes

3 assignmentsTotal 40 minutes

Practice Quiz: Credit Card Innovations10 minutes
Case Study Quiz: FinTech Island Credit Card Network15 minutes
Module 2: Quiz 15 minutes

1 discussion promptTotal 15 minutes

Case Check-In: FinTech Island Credit Card Network15 minutes

You have now reached the final module of this course. In this module, you'll explore how emerging markets like Africa and India are pioneering payment innovations despite lacking extensive financial infrastructure. You'll also learn about groundbreaking systems such as M-Pesa and India’s UPI, uncovering the strategies that drive financial inclusion and rapid fintech adoption.

What's included

3 videos4 readings2 assignments1 discussion prompt

3 videosTotal 18 minutes

M-Pesa: PayTech in Developing Markets7 minutes
M-Pesa: Business Model5 minutes
M-Pesa: Business Model Continued6 minutes

4 readingsTotal 45 minutes

Case Reading: FinTech Island Wrap-Up5 minutes
Interviews: PayTech in India20 minutes
Post-Course Survey10 minutes
Keep Learning with Michigan Online10 minutes

2 assignmentsTotal 45 minutes

Case Study Quiz: FinTech Island15 minutes
Module 3: Quiz30 minutes

1 discussion promptTotal 15 minutes

Case Check-In: FinTech Island15 minutes

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Instructor

Instructor ratings

4.7 (430 ratings)

Andrew Wu

University of Michigan

8 Courses121,043 learners

Offered by

University of Michigan

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Reviewed on Jan 23, 2021

Great course with great lecturer, materials and syllabus. Gives you the profound understanding and knowledge of basics along with developing global market trends.

Reviewed on Mar 8, 2021

Paytech Week 4 MPESA mobile payment system - pls more details on the monetization - how do the agents earn money? what about the rest of the players? Based on payment processing/ withdrawal etc. ?

Reviewed on Jun 26, 2020

Really well-done instructions, charts and lectures. I wish there were an intermediate course that followed up to help those working on new payment apps think more creatively.

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