Konstantin Peric, deputy director, Financial Services for the Poor at the Bill & Melinda Gates Foundation, advances the foundation’s goal to increase digital usage for financial inclusion and create a payments platform for 1.7 billion people who remain unserved globally.
The Bill & Melinda Gates Foundation aims to provide assistance to unbanked people to lead productive lives especially in developing countries. Based in Seattle, Washington, the foundation is led by Mark Suzman, CEO, under the direction of Bill and Melinda Gates and Warren Buffett.
The total direct grantee support in 2019 was $5.1 billion which includes grant payments and direct charitable contracts but not programme-related investments. The foundation spent around $130 million worth of funds last year for financial services for the poor.