What is an international payment?

Delve into the world of payment transactions, from local to global. Learn how geographic scope, regulatory frameworks, and payment systems differ across:

1. Domestic Transactions

• Occur within a single country's borders.
• Utilize local currency and payment infrastructure.
• Subject to domestic regulations and lower costs.

2. Regional Transactions

• Span multiple countries within a specific region.
• Leverage regional payment systems like SEPA.
• Encounter higher costs due to cross-border complexities.

3. International Transactions

• Involve parties across different countries.
• Navigate diverse currencies, cultures, and networks.
• Incur the highest costs but enable global financial connectivity.

Grasping the Essentials of Digital Payment Regulations

By completing this module, you'll not only gain comprehensive knowledge about the digital payments environment but also be well-equipped to navigate and comply with these crucial standards.

Explore this module and more at The PaymentGenes Academy Foundation course to elevate your understanding of the ever-evolving world of digital payments.