Bill Gates, co-chair of the Bill & Melinda Gates Foundation, recently said his foundation was ready to partner with the banking industry to develop affordable digital payments and biometric identity authorization services via mobile phones to individuals in emerging countries. In his closing keynote presentation at the annual Sibos convention in Boston, Gates discussed his foundation’s continued work in providing financial services to the impoverished.
 
He encouraged financial institutions to get involved in serving individuals in developing countries by providing digital financial services and establishing partnerships for low-cost digital payments and identity services through the mobile phone.