Rotman School of Management, University of Toronto

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The Business of Payments

Navigate a rapidly changing industry.

The Canadian payments industry accounts for nearly 1% of GDP with revenues from payment activities estimated at over $16.4B in 2016 — and it’s changing, rapidly.

Traditional players in the payments market are extending products, fintech and bigtech are disrupting products and infrastructure while domestic and global regulatory bodies are moving rapidly to adapt.

These changes can mean big opportunities for your organization if you know how to use them to your advantage. Rotman’s Business of Payments program helps payments leaders harness these opportunities.

Your competitive advantage in a shifting landscape.

Over the course of the program, you will gain a solid understanding of the changing context of the payments landscape, and the forces and trends shaping its future. You will develop the knowledge and competencies you need to stay ahead.


We’re here to help. 

This program focuses on technical solutions combined with management training to help you lead your team successfully through major market disruptions. Our faculty are industry experts with years of consulting experience and deep knowledge of the forces at work in the payments industry.

Apply NowAPR 11-21, 2021 | $4,950 CAD + HST

Flexible Learning Design during COVID-19

Given the current situation with COVID-19, we have curated the design of the Business of Payments program into an online, synchronous format. The online architecture respects both the challenges of working from home and uses appropriate pedagogy to ensure that you are able to apply what you’ve learnt directly on the job. While difficult to recreate a face to face delivery experience, we have been thoughtful in our approach to the program considering your needs and to ensure that you build and maintain connections with your peers.  Faculty will be using a multitude of interactive devices to encourage participation and increase the networking opportunities so that you can also learn from each other.

Payments Canada hosts the largest payments conference in Canada, the Payments Canada SUMMIT each year. During the event, leaders come together to exchange ideas and work with one another to advance the future of payments in Canada and around the world. As a special benefit, anyone who has applied and paid for Rotman's Business of Payments program will receive a complimentary pass ($2,500 value) to the Payments Canada SUMMIT taking place virtually May 31–June 4, 2021.

Meet the Faculty and Instructorsteaching in the Business of Payments Program

Walid Hejazi, Featured Faculty

Associate Professor, International Business, Rotman School of Management

Walid Hejazi is an Associate Professor of Economic Analysis and Policy, and Academic Director, at the Rotman School of Management. He has researched, advised, and testified extensively on global competitiveness, and is currently working on a series of studies which shed light on the competitiveness and productivity of Canadian firms. He teaches Macro and Global Economics in Rotman’s MBA and EMBA programs, and has also delivered lectures in over 30 countries. Walid has also developed and teaches a successful MBA course in Islamic Finance, the first such course in Canada.

TestimonialsSee what past participants thought about this program

Technical Requirements

This program will be delivered over Zoom and requires access to this platform. Terms and conditions for Zoom usage can be found here: This program requires a stable internet connection, the latest version of the Google Chrome internet browser, and use of a microphone. Access to a webcam is preferred but optional.

Application Process

Before beginning the application process, please review the application policies. To apply, complete the online application form.

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Due to new browser security requirements, those using older or incompatible browsers may encounter technical difficulties. If you encounter a blank screen when you try to start your online payment process, please see our Having Trouble? page.

Each application is reviewed by Rotman’s admissions committee to ensure participants have the appropriate academic and work experience.

Participant Notification Process

If space is available and eligibility requirements are met, participants will receive a notice of admission within 10 days of receipt of a completed application and fee deposit.

Payment and Fee Reduction


Payments can be made online. Applicants will be redirected to a secure online payment website after completion of the application form. Deposits will be refunded to applicants not accepted to the program.

*Accommodations and meals are included in the program fee for in-person offerings. Participants will be responsible for their own travel and incidental costs. For more information contact an Executive Programs representative at

Apply NowAPR 11-21, 2021 | $4,950 CAD + HST

Rotman School of Management at the University of Toronto and Payments Canada are partnering to develop an intensive payments knowledge course aimed at professionals working in payments and related industries in Canada.

This program can count towards earning your Excellence in Executive Leadership certificate. Join an elite circle of leaders building their own path to professional development and receive official recognition from the University of Toronto Rotman School of Management.


Looking for something else? You might also be interested in one of these related programs

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Contact Associate Director Sharon Doopan if you have any questions:

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Learn about the Canada Job Grant

Dates and fees

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 April 11-21, 2021

Week 1: April 11*-14, 2021
Week 2: April 19-21, 2021

Class runs 8:30am-12pm ET
*The session on April 11 runs 6:30-7:30pm ET

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Participant profile:
Established leaders working in payments, whether you are entering the industry or a seasoned professional, a regulator, policy-maker, or a disruptor

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$4,950 CAD + HST

Apply NowThe Business of Payments: A Live Virtual Experience

Featured article

Visualizing Solutions »
Visualization literally forces us to ‘fill in the blanks’ as gaps in the model become clear. Jennifer Riel and Stefanie Schram talk Design Thinking.

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