Digital Wallets & Alternative Payment Methods Explained
Explore digital wallets, mobile payments, BNPL, and alternative payment methods. Learn how modern payment solutions work, including process flows, infrastructure, and integration considerations.
6 Modules
Modern payment tech
6 Modules
Comprehensive coverage
Mobile Focus
Latest technologies
Certificate
Available upon request
Community Access
Join expert learners
What You'll Learn
Master the fundamental concepts covered in this course
Understand the need for emerging payment methods
Learn the terminology of alternative payments
Analyze the business models behind e-wallets and mobile payments
Explain the infrastructure enabling digital payments
Understand digital wallet models (preloaded & pass-through)
Gain insights into mobile payment technology (NFC, QR, HCE, BLE, etc.)
Communicate effectively with payments professionals without being one
Master modern digital payment methods and their underlying technologies
Course Curriculum
6 comprehensive modules covering the fundamentals of alternative payments
Understanding Market Needs
- Why alternative payments emerged
- Drivers for change (consumer behavior, merchant demands, new entrants)
- Impact of technology and integration
Core Terminology & Concepts
- Definitions of alternative payments
- Definitions of e-wallets
- Success factors for adoption
- Domains of pre-payment, payment, and post-payment
Business Models of Alternative Payments
- Regional & niche product models
- Bank-transfer-based methods
- Direct debit–based methods
- Mobile payments and carrier billing
- Buy Now Pay Later (BNPL)
Infrastructure of Alternative Payments
- Settlement layer
- Processing layer
- Instruments layer
- Services layer
- Clearing, netting, authentication & risk management
- Layer classification exercises with solutions
Understanding Digital Wallets
- Preloaded digital wallets
- Pass-through digital wallets
- Business relationships (three/four-corner models)
- End-to-end process flows
Mobile Payment Technology
- Definitions of mobile payments
- Remote vs. proximity payments
- Mobile banking, mobile POS, C2C, B2C flows
- Technology stack: NFC, RFID, QR codes, BLE, HCE
Meet Your Instructor
Milko Filipov
Payments Expert | 12+ Years Experience
Milko Filipov is an experienced professional in payment systems, card payments, and digital banking, with strong expertise in emerging technologies, cryptocurrencies, and decentralized applications, agentic commerce and agentic payments. He has supported major global projects for organizations including NTT DATA, Siemens, BMW, Commerzbank, Atruvia, Capgemini, Bosch, BNP Paribas, Stripe, EPI, and Visa.
Milko holds an MBA in Finance and Strategic Management from the Katz Graduate School of Business at the University of Pittsburgh and is committed to helping financial and technology professionals deepen their understanding of the payments industry to drive better, more innovative banking solutions.
Requirements
- Basic understanding of payment concepts helpful
- Interest in digital payments and mobile technology
- No advanced technical knowledge required
Who This Course Is For
- Fintech entrepreneurs and product managers
- E-commerce and retail professionals
- Developers building digital payment solutions
- Business strategists in financial services
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