kevin. Makes History with First NFC Peer-to-Peer Transaction on iPhone

kevin. has made history by executing the first NFC peer-to-peer transaction on an iPhone, revolutionizing in-store payments. The company has broken new ground in the financial world, achieving a significant milestone in convenience and security. This breakthrough comes in response to the European Commission’s push to open up NFC access, challenging Apple’s tight control over the technology in iOS devices.

Pavel Sokolovas, co-founder of kevin., expressed the significance of this achievement, stating, ‘Breaking the final barriers of NFC payments on iOS devices represents a true turning point. We are immensely proud to be the first to provide peer-to-peer transactions using Apple’s NFC, giving consumers the power to choose their payment method.’

In January 2022, kevin. made waves by activating this innovative payment method for Android users, a move praised for its originality and commitment to an open payment ecosystem. With ongoing regulatory changes, kevin. has quickly obtained authorization under Apple’s NFC entitlement program and has begun development 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, paving the way for what could revolutionize point-of-sale interactions. Sokolovas described the technical journey, stating, ‘We rigorously developed within Apple’s architectural framework. Our team 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 for users.’

The European Commission continues to monitor feedback from early developers like kevin., anticipating the official launch of a broader NFC implementation. This oversight underscores the Commission’s commitment to fostering innovation and fair competition in the mobile payments sector. The industry anticipates a surge in similar payment solutions following this initial success, as kevin. has established a dominant precedent, promising an open market where consumers are no longer limited by device-specific payment platforms – a fundamental redesign of how transactions are conducted worldwide.

kevin. is a visionary technology company that is redefining payment systems to meet the needs of the future. From its global headquarters in Europe to its recent expansion in the bustling financial center of Dubai, kevin.’s mission has been consistent: to provide reliable end-to-end technology and substantial savings on transaction fees without changing the way people pay. The introduction of their multi-tenant, brand-independent payment acceptance network marks a significant evolution for consumers and businesses, granting autonomy and value without the constraints of legacy technology.

kevin. is backed by Accel, Eurazeo, and other investors, including OTB Ventures, Speedinvest, Open Ocean, and Global Paytech Venture. The company’s goal is to empower all players in the payment ecosystem, including banks, digital wallets, retailers, and others, by allowing them to launch their own non-card independent schemes or expand their services by connecting to an existing network on the kevin. platform.

The achievement of the first NFC peer-to-peer transaction on an iPhone by kevin. is a significant step towards democratizing payment methods and fostering fair competition in the financial world.

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