Courses

Cross-Border Payments

Learn about SWIFT, correspondent banking, ISO 20022, cross-border UPI, remittances, AML, KYC, the FATF Travel Rule, CIPS and mBridge.

  • Level: Fluency
  • Duration: 8 hours
  • Language: English
  • Provider: Accredian
  • Certificate on completion

About this course

A Fluency-level course on how money moves across borders — SWIFT and correspondent banking, ISO 20022 migration, UPI's international expansion, fintech remittance models like Wise and Remitly, and AML/KYC compliance.

What you'll learn

  • Explain cross-border payment infrastructure and message standards.
  • Describe SWIFT, correspondent banking models and the ISO 20022 migration.
  • Understand FX markets, hedging strategies, and remittance economics
  • Analyze UPI's cross-border expansion, international linkages, and settlement models
  • Evaluate fintech remittance business models including Wise and Remitly
  • Understand AML, KYC, and FATF Travel Rule requirements
  • Explore emerging cross-border payment rails and future innovations

Curriculum

SWIFT Architecture & Correspondent Banking

  • SWIFT Network Fundamentals
  • MT vs MX Messages — what's included in a SWIFT message
  • Correspondent Banking Model, MT 203
  • Nostro & Vostro Accounts
  • De-Risking ChallengesSWIFT Message Mapping Exercise: Trace a cross-border payment through the correspondent banking network using SWIFT tracker

ISO 20022 Migration Deep-Dive

  • Introduction to ISO 20022
  • ISO 20022 and SWIFT

Cross-Border Payments via UPI

  • UPI International Ecosystem
  • NPCI International (NIPL)
  • UPI-PayNow & Global Linkages
  • Cross-Border Merchant Payments
  • Cross-Border P2P Remittances
  • Settlement & Reconciliation Flow
  • Regulatory & Operational Considerations

Fintech Remittance Models & Compliance

  • Remittance Business Models
  • AML & KYC Requirements
  • FATF Travel Rule
  • Sanctions Screening

Emerging Cross-Border Rails & Future Trends

  • Ripple vs SWIFT
  • CIPS Network
  • BIS Nexus
  • mBridge CBDC Project
  • GIFT IFSC Infrastructure
  • Future of Cross-Border Payments

Frequently asked questions

Do I need SWIFT or banking experience?

Some familiarity with payments or banking is helpful, but the course introduces SWIFT and correspondent banking from the fundamentals.

What is the difference between MT and MX messages?

Learn how MT and MX messages differ, explore SWIFT message structures, and see how ISO 20022 connects with SWIFT.

Will I work with actual payment messages?

Yes. Trace cross-border payments using a SWIFT tracker and convert an MT103 message into the equivalent MX pacs.008 format.

Does the course cover UPI's international reach?

Yes. Explore NIPL, UPI-PayNow, cross-border payments, P2P remittances, settlement, reconciliation and regulatory requirements. Map an India-Singapore remittance and compare costs, speed and compliance.

Which compliance topics are covered?

Learn AML and KYC requirements, the FATF Travel Rule and sanctions screening within FinTech remittance business models.

Does it cover newer rails such as Ripple and CBDCs?

Yes. Explore Ripple, SWIFT, CIPS, BIS Nexus, the mBridge CBDC project and GIFT IFSC. Compare Ripple, mBridge and SWIFT gpi for a practical use case.