Explain if the code given is following open and close principle or not.If it follows, open and close principle explain how.If it does not, rewrite the code and explain.You can choose any language. Python or java.Pythonclass PaymentProcessor:def process$\_$payment$($self$,$ payment$\_$type$)$:if payment$\_$type $==$ "CreditCard":self.process$\_$credit$\_$card$()$elif payment$\_$type $==$ "PayPal":self.process$\_$paypall$)$# Add more elif clauses for each new payment methoddef process$\_$credit$\_$card$($self$)$:print$("$Processing credit card payment..."$)$def process$\_$paypal$($self$)$:print$("$Processing PayPal payment..."$)$