Account Aggregator Adoption Accelerates Financial Inclusion

June 24: India’s Account Aggregator (AA) ecosystem facilitated nearly 3.8 crore financial services in FY26, reflecting growing adoption of digital consent-based data sharing across the financial sector.

The framework enables secure exchange of financial information between institutions, helping banks, non-banking financial companies (NBFCs) and fintech firms streamline lending, improve credit assessment and simplify customer onboarding.

Industry experts say the rising usage of the AA system highlights India’s shift toward a more integrated and digital financial infrastructure, where data access is faster, safer and driven by user consent.

The ecosystem is also playing an important role in expanding financial inclusion by improving credit availability for individuals and small businesses, especially those with limited or informal credit histories.

With increasing participation from financial institutions and technology platforms, the Account Aggregator network is expected to scale further, supporting more efficient and transparent financial services in the coming years.

Experts believe the continued expansion of digital public infrastructure such as the AA framework will strengthen India’s financial ecosystem and enhance access to credit across the economy.