Anatomy of a Payment
Module 1: Cost
Why do financial services cost so much?
4Lessons
16PDFs
4Notebooks
Lessons
Economics of Intermediation
Real-Time Payments
Platform Economics
Learning Objectives
- Trace money flow through a modern payment and identify each fee layer
- Explain why intermediaries exist and when they add versus extract value
- Compare instant payment schemes (FedNow, TIPS, UPI, Pix) on cost, speed, and reach
- Analyse platform business models and their impact on financial service pricing
Related V3 Lessons
V3 Module 1 (FinTech): Payments Fundamentals, Mobile Wallets, Neobanks, Open Banking