A first ever in Jamaica is taking place next month when the Jamaica Co-operative Credit Union League (JCCUL) rolls out it debit Mastercard to credit union members.
JCCUL’s Chief Executive Officer Robin Levy, who made the announcement in an interview with the Jamaica Observer’s Caribbean Business Report (CBR), disclosed that the cards are actually here in Jamaica having signed the deal with MasterCard way back in December 2019. Since then the JCCU has been strategising on the implementation of the credit union Mastercard in the Jamaican marketplace between the middle to the end of next month.
Levy is optimistic that the card will be a sure hit in Jamaica declaring, “our cards, we think is going to be the best card in Jamaica. It will be a single card with dual use EMV, so credit union members will be able to access their savings because it’s a regular debit card not a prepaid card tied to their credit unions savings account or other designated accounts in the credit union.”