The Future of Payment Technologies

University of Michigan via Coursera

Go to Course: https://www.coursera.org/learn/paytech

Introduction

**Course Review: The Future of Payment Technologies on Coursera** In our increasingly digital world, the landscape of payments is evolving at an unprecedented pace. With innovations reshaping how we exchange value, understanding the directional shifts in payment technologies is critical for both professionals in the fintech sector and consumers alike. Coursera’s course, "The Future of Payment Technologies," provides an insightful journey into this complex and fascinating arena. ### Course Overview This course offers a comprehensive examination of current and future trends in payment technologies, from mobile payments to the concept of tokenization. By exploring various forms of transactions—consumer-to-business (C2B), consumer-to-consumer (C2C), and business-to-business (B2B)—the course lays a foundational understanding of how payments function in the digital age. The curriculum delves into the existing technologies that power today's payment systems, critically analyzing their strengths and weaknesses. This hands-on approach to understanding technology encourages learners to think deeply about how innovation disrupts traditional systems, ultimately guiding them to envision how emerging technologies can shape the future landscape of financial transactions. ### Detailed Syllabus 1. **Introduction and What is FinTech?** - This introductory module sets the stage by defining the concept of fintech and exploring its significance in modern payment systems. It provides context for learners to appreciate the ongoing transformation in financial technology. 2. **Digital Wallets** - In this section, learners will gain insights into the functionalities and user experience of digital wallets. The rise of platforms like PayPal, Apple Pay, and Google Wallet is dissected, showcasing how they have revolutionized payment convenience and security. 3. **Credit Card Innovations** - Focusing on the evolution of credit cards, this module explores innovations such as contactless payments and mobile integration. Understanding these advancements is essential for grasping how payment experiences are being streamlined for consumers. 4. **Payment Technology in Emerging Markets** - This module highlights the unique challenges and opportunities associated with payment technologies in developing economies. It examines how companies are leveraging mobile technology and alternative payment methods to cater to unbanked populations. ### Review The course "The Future of Payment Technologies" stands out for its relevance and timeliness in today’s fast-paced tech environment. The content is well-structured and easy to digest, making it accessible for individuals with no prior background in finance or technology. The modules are engaging and interspersed with case studies and real-world examples that illustrate the practical application of theoretical concepts. One of the most commendable aspects of the course is its focus on innovative payment systems. It does an excellent job of demystifying complex technologies, breaking them down into understandable components. Furthermore, the analysis of emerging technologies in developing markets offers a fresh perspective, making the course globally relevant. ### Recommendation I wholeheartedly recommend "The Future of Payment Technologies" to anyone interested in understanding the dynamics of payment systems in the digital age. Whether you are a finance professional looking to stay ahead of trends, a tech enthusiast exploring new innovations, or a student eager to learn about the fintech space, this course will equip you with the knowledge needed to navigate this rapidly changing landscape. In conclusion, this Coursera course not only informs but inspires learners to think critically about the future of payments. With the world becoming more interconnected, grasping the intricacies of payment technology is not just beneficial but essential. Enroll today and take your first step toward becoming a well-informed participant in the future of finance!

Syllabus

Introduction and What is FinTech?

Digital Wallets

Credit Card Innovations

Payment Technology in Emerging Markets

Overview

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

Skills

Payment Processing Payment Systems processing payments payment technology Value Propositions

Reviews

Great course! It gives a very good overview of the different payment systems, how it works, and its pros and cons. The quizzes are really good. I am thankful to the lecturer and the university!

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. ?

Loved it! I cannot believe how much I learned about PayTech and FinTech in general. Would love to peruse the next courses on the FinTech Innovations specialization

Dr. Wu was very explicit in his explanations. This course is very beginner-friendly! Highly recommended! I also loved the interview with Professor Krishna - very enlightening!

This course is the best course I have ever taken. If you have no idea about what is FinTech, you should take this course, which will give you a comprehensive overview.