May 21, 2024
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kevin. Triumphs with First Account-to-Account NFC iPhone Transaction

In an event set to disrupt the in-store payment landscape, kevin., a pioneer in payment technology, has successfully conducted the first-ever account-to-account NFC transaction on an iPhone.

In a financial world where convenience and security are paramount, kevin. has established a new pinnacle by executing the first non-Apple Pay account-to-account near-field communication (NFC) payment on an iPhone. This technological leap forward follows the European Commission’s pressure on Apple to democratize NFC access. It comes after years in which Apple’s strict control over NFC technology in iOS devices had stifled third-party competition.

Pavel Sokolovas, co-founder of kevin., articulates the magnitude of this moment: “Breaking through the final barriers of NFC payments on iOS devices represents a true watershed moment. We’re immensely proud to be the first to provide account-to-account transactions using Apple’s NFC, giving consumers the power to choose how they pay.”

In January 2022, kevin. enabled this innovative payment method for Android users, a move lauded for its originality and drive towards an open payment ecosystem. Now, with regulatory changes in stride, kevin. swiftly attained authorization under Apple’s NFC Entitlement Program and embarked on development in their controlled environment.

Six weeks following Apple’s program launch, kevin. celebrated the successful execution of the experimental transaction in development mode, setting the stage for what could revolutionize Point of Sale (POS) interactions.

Sokolovas outlined the technical journey: “We’ve been rigorously developing within Apple’s architectural framework. Our team worked tirelessly to integrate our kevin. technical solution within Apple host card emulation (HCE), including security standards, transaction validation and so much more to create a seamless experience allowing users transactions from within their banking or wallet apps.”

The European Commission continues to monitor feedback from early developers like kevin. while anticipating the official commencement of broader NFC implementation. This scrutiny underscores the Commission’s dedication to nurturing innovation and competition in the mobile payment sphere.

Looking ahead, the industry anticipates a surge in similar payment solutions following this initial success. kevin. has set a dominant precedent, promising an open market where consumers are no longer limited by device-specific payment platforms —reshaping how transactions are conducted worldwide.

Last Updated on 1 month by Middle East News 247

    Middle East News 247

    Middle East News 247

    Middle East News 247 delivers the latest business and lifestyle news and essential infotainment for, and from the Middle East region, with key focus on the GCC nations: United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman.
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