Banxa Holdings Inc. announced the appointment of new independent non-executive director, Kaushik Sthankiya, Global Head of Banking & Payments at Kraken Digital Asset Exchange, to the Board of Directors effective March 13, 2024. Mr. Leigh Travers has decided to step down from the Board, effective March 13, 2024, to pursue other opportunities. Kaushik Sthankiya is the Global Head of Banking & Payments at Kraken Digital Asset Exchange.

Kaushik is part of Kraken's senior leadership team, leading & managing all partnerships with global banks & payment partners. A seasoned C-suite executive with 24+ years experience across banking, payments, financial services, fintech, telecommunications, mobile commerce and digital asset/web3 industries across North America, Latin America, UK, EMEA & Asia Pacific. He also serves as a Board of Director and Advisor to a number of digital asset and payments companies.

Kaushik has held a variety of senior roles at Visa, Mastercard and as the Chief Commercial Officer at payments and remittance fintech start-up - successfully scaling and commercializing digital/mobile payment solutions for consumers, merchants, app developers, tech giants (Amazon, Google, Microsoft, Netflix, Samsung), institutional clients and mobile network operators worldwide.