Payments systems - the closed loop models

[@jayanth28696]

I'm new to the payments. Your explanation is too good!!!

[@11b_173_jumpoutboyz]

Awesome explanation!

[@girishkulkarni469]

Sir, thank you for the explanation. I have a question. 1. When are open loop systems mostly in use? 2. When are closed loop systems mostly in use?

[@venkateshvijay1]

Nicely explained :)

[@paymerix]

Thank you Venki :-) I try to do my best to make things understandable to everyone.