kevin. has achieved a major milestone in the world of in-store payments by successfully conducting the first NFC peer-to-peer transaction on an iPhone. This groundbreaking event is set to disrupt the landscape of in-store payments, challenging Apple’s control over NFC technology and paving the way for new possibilities in payment innovation.
The significance of this achievement lies in the context of Apple’s tight control over NFC technology in iOS devices, which has stifled competition from third parties for years. With the pressure from the European Commission to democratize access to NFC, kevin.’s successful peer-to-peer transaction represents a major technological leap.
Pavel Sokolovas, co-founder of kevin., emphasized the importance of this moment, stating, ‘Surpassing the latest barriers of NFC payments on iOS devices is a true breakthrough. We are immensely proud to be the first to provide peer-to-peer transactions using Apple’s NFC, giving consumers the power to choose how they pay.’
kevin. made waves in January 2022 by enabling this innovative payment method for Android users, receiving praise for its originality and commitment to an open payment ecosystem. With ongoing regulatory changes, kevin. quickly obtained authorization under Apple’s NFC Program and has been committed to developing within their controlled environment.
Just six weeks after the launch of Apple’s program, kevin. celebrated the successful execution of the experimental transaction in development mode, laying the groundwork for what could revolutionize point-of-sale interactions. Sokolovas outlined the technical path, stating, ‘We have rigorously developed within Apple’s architectural framework. Our team has worked tirelessly to integrate our kevin. technical solution into Apple’s host card emulation (HCE), including security standards, transaction validation, and much more to create a seamless experience enabling transactions to users directly from their banking or wallet apps.’
The European Commission continues to monitor feedback from early developers like kevin. as it anticipates the official start of a broader NFC implementation. This oversight underscores the Commission’s commitment to nurturing innovation and fair competition in the mobile payments sector.
Looking ahead, an increase in similar payments is expected following this initial success. kevin. has indeed set a dominant precedent, promising an open market where consumers are no longer limited by specific device payment platforms – a fundamental reshaping of how transactions are conducted worldwide.
kevin. is a visionary technology company that is reshaping payment systems for the needs of tomorrow. From their global headquarters in Europe to their recent expansion in the vibrant financial center of Dubai, kevin.’s mission has been consistent: to offer reliable end-to-end technology and significant savings on transaction fees without changing how people pay. The introduction of their multi-tenant, brand-agnostic payment acceptance network marks a significant shift for consumers and businesses, granting autonomy and value without the hindrances of legacy technology.
kevin.’s network redefines international payments, ensuring a secure and seamless peer-to-peer NFC payment infrastructure for POS terminals worldwide. This innovation offers a ‘tap and go’ experience, compatible with both Android and iOS devices, making international payments as familiar as local ones.
kevin. is supported by Accel, Eurazeo, and other investors, including OTB Ventures, Speedinvest, Open Ocean, and Global Paytech Venture.
kevin.’s commitment is to empower all players in the payment ecosystem, including banks, digital wallets, retailers, and others. The company enables these entities to launch their own independent non-card schemes or expand their services by connecting to an existing network on the kevin. platform.
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