The MasterCard Foundation launched its 2017 Clients at the Centre Prize competition this month, as it invited applications from financial service providers for the USD 150,000 in prize money. Awarded annually, the Prize recognizes a financial service provider, working with poor people in developing countries, that demonstrates outstanding client-centric behavior.
A key feature of the Prize is that the final decision about who receives it is made by an audience of approximately 300 financial inclusion industry professionals, gathered at the Foundation’s annual Symposium on Financial Inclusion. The top three finalists in the competition present their companies to the audience which then votes on which of the three is the most client-centric.
Prize applicants must be commercial providers of financial products and services to low-income populations in developing countries. Applicants can be non-traditional players such as mobile network operators, IT or mobile-enabled technology companies, agribusinesses that provide financial services, or others. Applicants can also be traditional financial service providers (commercial banks, micro-finance institutions) or companies providing non-bank products and services such as leasing or insurance companies.
The closing date for applications for the 2017 Prize is 5 June at 23:59 GMT.