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Introduction to Cross Border Payments
Role Play
Rating: 4.5 out of 5(1,613 ratings)
6,133 students

Introduction to Cross Border Payments

A comprehensive course covering all aspects of Cross border payments.
Created byRachit Sharma
Last updated 6/2026
English

What you'll learn

  • Understand cross border payments
  • Understand correspondent banking
  • Understand how Payment system models work
  • Understand SWIFT messages used in cross border payments
  • Understand foreign exchange market
  • Understand the serial and cover payment methods used in cross border payments

Course content

22 sections74 lectures4h 1m total length
  • Welcome1:14

    Explore cross-border payments with expert guidance from Rajat Sharma, who presents the fundamentals in clear, jargon-free language for beginners.

  • Why this course?1:51
  • Course Structure1:22

    Explore the four key concepts of cross-border payments, learn Swift messages and MT103, and analyze end-to-end flows from sender to receiver with cover and serial settlement methods.

  • Value Adds0:54

    Boost your payments knowledge and credibility with this course, unlocking better opportunities at work and enabling meaningful conversations with stakeholders about cross-border payments.

  • About me1:37

    Meet an industry expert with BFS domain experience, detailing the payments life cycle, channels, processors, core banking, and cross-border projects like SEPA and UPI.

Requirements

  • No requirements or prerequisites for this course.

Description

Introduction to Cross-Border Payments: A Beginner’s Guide to mastering the concepts of cross border payments.

Learn the Fundamentals, Avoid the Frustrations, and Build Confidence in One of the Most Complex Areas of Payments

My Journey: From Confusion to Clarity

When I started my career as a Business Analyst, I was fresh out of my MBA and assigned to a Payments project. I had no prior experience in the domain and found myself constantly relying on senior colleagues, hesitating to ask questions I feared were “too basic,” and spending hours compiling scattered information from the internet.

The first few months were a nightmare. I felt underprepared, lacked confidence in client meetings, and struggled to contribute meaningfully. Over time, I learned and grew—but the journey was far from easy.

One of the toughest areas I encountered was Cross-Border Payments. The complexity of dealing with multiple countries, currencies, interbank networks, and SWIFT standards was overwhelming. Most resources jumped straight into technical message formats like MT103 and MT202, without laying the groundwork.

Why I Created This Course

After years of working in the Payments industry and overcoming those early challenges, I decided to create the course I wish I had back then.

This course is designed to simplify Cross-Border Payments by focusing on four key foundational concepts that will help you understand the domain clearly and confidently. Once you grasp these principles, you’ll be able to analyze real-world scenarios, ask the right questions, and contribute effectively to your projects.

What You’ll Learn

  • The 4 key concepts that simplify Cross-Border Payments

  • Understanding the SWIFT BIC Code

  • Overview of SWIFT messages and standards

  • Deep dive into MT103 message structure and usage

  • Serial vs. Cover payments flow with real SWIFT message examples

  • Challenges in Cross Border Payments

  • ISO20022 program and its relevance to Cross Border Payments

Who Is This Course For?

This course is ideal for:

  • Freshers who’ve joined a Payments team as a Consultant, Business Analyst, Product Owner, or Project Manager

  • Professionals looking to understand the basics of Cross-Border Payments

  • Anyone seeking to expand their domain knowledge

  • Those aiming for better career opportunities

  • Aspiring experts wanting to gain professional credibility

No prior Payments knowledge required. This course is beginner-friendly and designed to build your confidence from the ground up.

Why This Course Stands Out

  • Simplified approach to a complex topic

  • Real-world examples and message walkthroughs

  • Structured learning path with practical insights

  • Created by an industry expert who’s been in your shoes

What You Get

  • Quizzes and practical exercises

  • A capstone project

  • Certificate of completion

Ready to demystify Cross-Border Payments?

Don’t let complexity hold you back. This course is your gateway to mastering one of the most challenging yet rewarding areas in Payments.

Who this course is for:

  • Business Analysts
  • Consultants
  • Product Owners
  • Project Managers
  • Program Managers
  • QA/Testers
  • Scrum Masters
  • Bankers
  • Developers
  • Anyone looking to making a career move into Payments domain