Bill & Melinda Gates Foundation founder and tech pioneer Bill Gates has applauded India for its policies on financial inclusion and innovation. While speaking at the Singapore Fintech Festival, Gates  praised India's digital platforms like the Unified Payments Interface (UPI) and the Aadhaar and said these initiatives have drastically reduced the cost of money distribution among the poor.  He also stated that based on India's approach to policy implementation, his philanthropic foundation was working with other countries to roll out open-source technologies which will benefit various other countries to implement such programs like Aadhaar and UPI.