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)
Fees
£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
Units
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
Assessments
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.
Regulation
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
Assessments
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 informationFees
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.
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 CITF.
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.
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