Kevin Jenkins, the former Managing Director of Visa, has joined the board of blockchain payments and identity venture, Nuggets.
“Kevin is a true payments pioneer, with an amazing reputation for establishing partnerships with financial institutions, technology partners, retailers and e-commerce providers,” says Alastair Johnson, Founder and CEO, Nuggets.
“He’ll help us build the relationships we need to roll-out the product as quickly as possible. We’re thrilled that, after so long working on customer payment journeys at Visa, Kevin will be helping us bring even more fundamental and exciting change to the way people manage payments and ID.”
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Jenkins, who has also held a leadership role at Mastercard, comments: “The current model of businesses holding personal information is broken. It needs fundamental change, study after study shows that customers are frustrated by the payments journey: the many steps they have to take, and the security fears.”
“For decades, the payments industry has been trying to achieve a balance between security and convenience. What impresses me so much about Nuggets is that it manages to optimise both. I’m convinced that every stakeholder in the payments ecosystem, from customers to retailers, will embrace Nuggets. I’m incredibly excited to be part of a genuine revolution.”
The appointment closely follows Nuggets’ partnership with QFPay, the Chinese payment provider used by Alipay and WeChat. Asian merchants tapping QFPay will also be able to benefit from Nuggets’ payments and identity features.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.