The Power Of Open-Loop P2P Payments

Open-Loop P2P Networks Give Issuers Alternatives to Status Quo 

Current P2P systems only work if users leverage the same app, but open-loop systems empower consumers to send and receive funds regardless of platform. “The Money Mobility Playbook: The Power Of Open-Loop P2P Payments,” a PYMNTS and Ingo Money collaboration, details P2P’s exciting future.

 

Inside the November Playbook
  • What is a closed-loop system? A closed-loop system requires the sender and recipient to use the same payment platform.
  • What is an open-loop system? An open-loop system allows the sender and receiver to exchange funds across all systems.
  • Key open-loop benefits: Open-loop systems offer user-defined choice, frictionless delivery, and regulatory compliance.

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