Nuggets, a blockchain payments and identity platform, has expanded its team with Kevin Jenkins, the former managing director of Visa.
Jenkins, who has signed on as a non-executive director, previously held leadership roles at both Visa and Mastercard. He brings experience of 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, the brand was used to spend over £1 in every £3 in the UK. He also drove the adoption of contactless payments at UK merchants.
Alastair Johnson, founder and CEO of Nuggets, said: “Kevin 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.”
Nuggets is an e-commerce payments and ID platform, which stores personal and payment data securely in the blockchain. As a result, users can make simple e-commerce payments and other transactions, without having to share your personal data.
Earlier this year the UK Startup former a partnership with QFPay, the Chinese payment provider used by Alipay, WeChat Pay and China UnionPay, serving over one million merchants across Asia. QFPay has managed more than 500 million mobile payment transactions to date. As a result of the partnership, Asian merchants using QFPay will also be able to benefit from Nuggets’ payments and identity features.
“The current model of businesses holding personal information is broken,” Jenkins added. “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.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
