UK-based Kevin, a payments technology company using open banking, achieved a significant milestone by conducting the first-ever account-to-account near-field communication (NFC) transaction on an iPhone, breaking through Apple’s strict control over NFC technology. On the heels of regulatory changes, the innovation promises to revolutionize in-store payments and offer consumers more flexibility in payment methods. The European Commission’s monitoring of such developments leveraging open banking schemes underscores its commitment to fostering innovation and competition in the mobile payment sector.
kevin. Triumphs with First Account-to-Account NFC iPhone Transaction
