ValuCard is a program designed to reward the Public Sector Workers of Jamaica for the sacrifices they have made during the period of wage restraint by creating a facility where private sector companies are able to issue cash back to them when they buy their products.
The program is administered by Alliance Payment Services Limited in collaboration with the Unions representing the workers.
ValuCards will be issued to the 120,000 Public Sector Workers at no cost.
The concept is for Retailers, Manufacturers, and Distributors to provide Public Sector Workers with discounts that will be loaded to their cards as ‘cash back’. The ‘cash back’ received from a retailer can be used to buy products or services from the same merchant or any participating merchant.
Public Sector Workers will not be charged for the cards and will be provided with reports on the internet or their smart phone to check their ‘cash back’ balances.
Cash back will range from 5% -12% and can amount to $3,000 to $5,000 monthly when used strategically by public sector workers.