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Udemy

Introduction to Cross Border Payments

via Udemy

Overview

A comprehensive course covering all aspects of Cross border payments.

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

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

  • 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.

Syllabus

  • Course Introductions
  • 4 key concepts in Cross Border Payments
  • Payment System models
  • Correspondent banking
  • SWIFT Network & standards
  • Foreign Exchange
  • Key learnings from 4 key concepts
  • SWIFT BIC code
  • SWIFT messages & standards
  • Swift MT103 decrypted
  • SWIFT MT202 COV decrypted
  • Cover & Serial Payments
  • Cover Payments - a deep dive
  • Serial Payments - a deep dive
  • Summary - Cover & serial payments
  • Summary
  • Role Play
  • Examination
  • Bonus content

Taught by

Rachit Sharma

Reviews

4.6 rating at Udemy based on 1429 ratings

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