Nearly 700 entities join account aggregator system; 15 crore accounts linked: Union minister Sitharaman

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Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday said that in just 3 years, nearly 700 entities as of Financial Year (FY) 2025 across banking, insurance, securities, and pensions have joined the Account Aggregator (AA) platform, up from only 24 in FY22.

Addressing a gathering at the Digital Payments Awards 2025 in New Delhi, Sitharaman noted the surge in adoption of the AA platform–a consent-based data-sharing framework aimed at improving access to financial services. The number of accounts linked through AA has soared to…



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Nearly 700 entities join account aggregator system; 15 crore accounts linked: Union minister Sitharaman


Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday said that in just 3 years, nearly 700 entities as of Financial Year (FY) 2025 across banking, insurance, securities, and pensions have joined the Account Aggregator (AA) platform, up from only 24 in FY22.

Addressing a gathering at the Digital Payments Awards 2025 in New Delhi, Sitharaman noted the surge in adoption of the AA platform–a consent-based data-sharing framework aimed at improving access to financial services. The number of accounts linked through AA has soared to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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