Blockchain Payments Platform Nuggets Adds Ex-Visa MD Kevin Jenkinsbr>
Kevin Jenkins, the former managing director of Visa, has joined the board of blockchain payments and identity brand Nuggets. Jenkins will be the non-executive director.
Alastair Johnson, founder and CEO of Nuggets, said Jenkins is “a true payments pioneer, with an amazing reputation for establishing partnerships with financial institutions, technology partners, retailers and e-commerce providers.
“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.”
Having held leadership roles at both Visa and Mastercard, Jenkins has extensive experience in pioneering digital innovations within regulated environments, managing governance changes, and enhancing customer payments journeys in the physical and digital world.
Under his leadership at Visa, he drove the adoption of contactless payments at UK merchants. The successful partnership with TFL has led to more than a billion contactless journeys and more than 40% of all pay-as-you-go London transport journeys a day.
“The current model of businesses holding personal information is broken,” Jenkins said. “It needs fundamental change – study after study has shown 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.”