Two young women intently focused on a laptop screen, working on payments certification.

Trade and transaction banking Certificate in Principles of Payments (CertPAY)

Certificate in Principles of Payments (CertPAY)

This industry-focused qualification enables you to develop specialist knowledge and skills relating to the products, purpose, structure and inherent risks associated with payments.

Available to study worldwide, CertPAY is suitable for anyone working in the sector, including payments specialists, managers, and operational, compliance and risk team members. If you work in, or aspire to work in payments, completing CertPAY will demonstrate your knowledge and understanding as well as providing formal recognition of your expertise.

The Certificate in Principles of Payments is a Level 3 qualification registered with Ofqual.

While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

Endorsed by

  • International Chamber of Commerce (ICC)

Supported by

  • Emerging Payments Association (EPA)

  • Bankers Association for Finance and Trade (BAFT)

Key information


  • £640 for the full qualification

Study duration

  • You'll have 12 months from registration to complete the qualification

  • Everything is online, so you can study at a pace that suits you


  • One unit

Your studies will cover

  • The structure of the industry and the infrastructure of payments

  • How the payments industry and its products respond to the drivers of change in the wider environment and how these changes affect individual or business financial decision-making

  • The current technical language

  • Regulation and compliance

  • The risks, data protection, and system security associated with payments

Your qualification at a glance


You can take exams at a test centre or at home with remote invigilation.

Your first exam is included in the registration fee for each module.

You'll receive a digital certificate once you have passed.


Registered with Ofqual in the Regulated Qualifications Framework (RQF)

Unit information

"CertPAY introduces students to the principles of payments, breaking down the complexities of global payments into easy to understand topics. The qualification also introduces students to common payment terminology and explores the technological innovation that shapes and drives the payment industry today."

Michael Aragona

Author, Principles of Payments

What study materials do I get?

As part of the registration fee you'll get access to:

  • a study plan

  • unit syllabus

  • specimen paper

  • online access to our student portal MyLIBF

  • online access to our virtual library KnowledgeBank


CertPAY is assessed through a single 85-minute objective exam, split into two units.

  • Unit 1: 35 multiple-choice questions (40 mins)

  • Unit 2: 25 multiple-choice questions and two case studies each with five linked questions (45 mins)

Your first exam is included in the registration fee. If you need to retake an exam a resit fee will be payable.

You can choose when to take your exam and pick from test centres nationwide or through remote invigilation.

Exam and assessment information


Registration is open all year round.

You can register by clicking 'register now' button below or by calling our Customer Services team on +44 (0)1227 818609.

Full qualification


price includes study materials and exam entry
Additional costs

Corporate bookings

If you are a company and want to register a cohort of students onto CertPAY please email trade@libf.ac.uk for further information.

Request more information

International students registration

Students from Bangladesh, China, Indonesia and South Korea should contact a relevant country contact to register for CertPAY.

Contact us about our professional qualifications

If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.

Our office is open Monday to Friday from 8.00am to 6.00pm GMT.