The island nation of Jersey is to post each eligible citizen a £100 ‘spend local’ credit card.
People can use their cards in businesses across the island until midnight, October 31, 2020. After that date, cardholders can retain their card for any other stimulus package announced in the future.
“The pandemic caused businesses across all sectors in Jersey to suffer. And while the Government has provided support through a range of measures, this scheme allows islanders to go out and treat themselves by supporting local Island businesses,” says Senator John Le Fondré, Chief Minister of Jersey.
Mastercard and the fintech company PFS are behind the solution.
“We’ve enjoyed bringing a fresh thinking fintech solution to life for families in the beautiful Island of Jersey,” says Lee Britton, CCO at PFS (a company of EML).
The PFS solution, which was turned around in just four weeks, is designed to work with any government in Europe.