Course Details

National Payment Systems Policies and Procedures Formulation for Central Banks Training Course

INTRODUCTION

The National Payment Systems (NPS) Policies and Procedures Formulation training course is specifically designed to equip central bank professionals and financial regulators with the knowledge and tools needed to design, implement, and manage sound national payment systems. Payment systems are the backbone of any financial ecosystem, enabling efficient transactions, facilitating monetary policy implementation, and supporting financial stability.

This course focuses on policy formulation, regulatory procedures, risk management, and the role of central banks in overseeing modern and secure payment systems. Participants will learn best practices, emerging trends, and frameworks for ensuring payment systems align with global standards such as those set by the Bank for International Settlements (BIS) and other international institutions.

DURATION

10 days

TARGET AUDIENCE

This course is ideal for:

• Central Bank Officials involved in payment systems, supervision, and monetary policy.
• Financial Sector Regulators and policymakers.
• Payment System Operators (e.g., Real-Time Gross Settlement systems).
• Financial Institutions working on payments governance.
• Government Officials involved in financial stability and oversight.
• Payment Technology Specialists managing secure financial systems.
• Banking Supervisors and Compliance Officers.
• Professionals from Regional and International Payment Networks.

COURSE OBJECTIVES

By the end of the course, participants will:

• Understand the role of National Payment Systems (NPS) in economic and financial stability.
• Learn how to design policies and formulate procedures for secure and efficient payment systems.
• Gain insights into international standards, guidelines, and legal frameworks for payment systems (e.g., PFMI by BIS/CPMI-IOSCO).
• Identify risks in payment systems and formulate strategies for risk mitigation.
• Develop frameworks for policy oversight, supervision, and governance of payment infrastructure.
• Analyze emerging trends in digital payments, fintech solutions, and cross-border payments.
• Promote financial inclusion through effective payment systems.
• Enhance collaboration between central banks, financial institutions, and payment service providers.

COURSE CONTENT

Module 1: Introduction to National Payment Systems

• Role and importance of national payment systems (NPS).
• Components of payment systems (large-value, retail, and cross-border payments).
• The role of central banks in NPS governance.
• Case studies: International best practices in payment systems.

Module 2: Policy and Legal Framework for Payment Systems

• Key principles of formulating NPS policies.
• Overview of legal and regulatory frameworks governing payment systems.
• Compliance with global standards (BIS, CPMI, PFMI guidelines).
• Drafting and implementing payment systems policies and procedures.

Module 3: Risk Management in National Payment Systems

• Understanding payment systems risks (operational, credit, liquidity, and settlement risk).
• Risk management frameworks for secure payment systems.
• Oversight and supervision of payment infrastructure.
• Case study: Risk management in Real-Time Gross Settlement (RTGS) systems.

Module 4: Payment System Infrastructure and Technology

• Overview of Real-Time Gross Settlement (RTGS) systems.
• Retail payment systems (ACH, card networks, mobile payments).
• Technology and cybersecurity considerations for payment systems.
• Fintech innovations and the role of central banks in digital payments.

Module 5: Cross-Border Payments and Financial Inclusion

• Challenges and opportunities in cross-border payments.
• Promoting financial inclusion through inclusive payment systems.
• Developing policies for interoperability among payment service providers.
• Leveraging digital solutions to expand access to payments infrastructure.

Module 6: Supervision and Oversight of Payment Systems

• Central bank roles in supervision and oversight.
• Tools for monitoring and assessing payment systems performance.
• Establishing effective governance structures.
• Stakeholder collaboration for payment systems oversight.

Module 7: Emerging Trends and Innovations in Payment Systems

• Digital transformation and the future of payments.
• The role of Central Bank Digital Currencies (CBDCs) in national payment systems.
• Innovations in mobile money, e-wallets, and blockchain technologies.
• Policy considerations for integrating fintech solutions into NPS.

Module 8: Practical Policy Development Workshop

• Policy formulation exercises tailored to participants’ respective jurisdictions.
• Developing national payment systems policies and procedures.
• Addressing regional challenges in payment systems governance.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com