Certificate in Principles of Payments

CertPAY enables professionals working in the global payments industry to attain an internationally recognised qualification. It will provide you with a comprehensive understanding of payments, from terminology to the mechanics of moving money across the globe, as well as compliance, risk, regulation, and strategy.

About the qualification

This industry-focused qualification enables you to develop specialist knowledge and skills relating to 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, the payments industry, completing CertPAY will demonstrate your knowledge and understanding of the sector, and provide a formal recognition of your professionalism.

Read topical articles about the payments industry written by the qualification’s Technical Reviewers in our CertPAY Content Series.

The Certificate in Principles and payments is a Level 3 qualification. This qualification is registered with Ofqual.

Studying CTFC covers

  • CertPAY consists of two units.
    Unit 1 – Principles of the Payment Industry (PPA):

    • The structures of the industry and the component parts of payments
    • The economic value and systematic importance of payments
    • The infrastructure of payments

    Unit 2 – Payment Regulation, Risk and Compliance (PRC):

    • Payment regulation and compliance
    • The risks, data protection and system security associated within the payments industry

Registration fee:

£540 – price includes your study materials and exam entry 


Modules One Level 3 unit
When to apply? Registrations are open all year round
No. of units       Two
Study type This qualification is on demand. Everything is online and you can study at a pace that suits you.
Study material Comprehensive study materials are provided online only.

Online access to study texts is available immediately after registration has been completed. The study text contains review questions and activities to support your learning. A specimen paper is also provided to test your learning. A hardcopy version of the textbook can be purchased for £40 + postage from Amazon.

This qualification is typically completed in 8 months.
Assessment type

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

Unit 1 - PPA

35 multiple-choice questions - (40 mins)

Unit 2 - PRC

25 multiple-choice questions and two case studies each with 5 linked questions - (45 mins) You can choose which date to sit your exam at selected centres worldwide, with the result provided on the day. 

You can book your exam at test centres nationwide or through remote invigilation

Assessment provider You can book your exam at one of our designated test centres around the world.

How To Book Your Pearson VUE Exam | LIBF 


New Registration Fee      £540
Discount for Indian Candidates £59
Net Registration Fee £481
Exam Resit Fee £260
Recertification fee £150

Register here: https://secure2.libf.ac.uk/pqf/registration.aspx?qualcode=CPAY

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