Account Aggregator Hits Major Milestone in Secure Data Sharing

By siliconindia  |  Tuesday, September 2, 2025

Account Aggregator Hits Major Milestone in Secure Data Sharing
  • Over 2.2 billion financial accounts now linked through India’s AA framework.
  • 112.34 million users have connected accounts, highlighting growing trust in secure, consent-based data sharing.
  • AA framework strengthens India’s digital infrastructure and unlocks new credit opportunities for individuals and MSMEs.
India’s Account Aggregator (AA) framework has crossed a major milestone, with more than 2.2 billion financial accounts now enabled for secure, consent-based data sharing, the Finance Ministry said. So far, 112.34 million users have linked their accounts, highlighting growing trust and adoption of this initiative.
According to the ministry, at least 112 financial institutions are live on the AA framework as both financial information providers (FIP) and financial information users (FIU). Additionally, 56 institutions are live solely as FIP and 410 solely as FIU.
The AA framework was officially launched on September 2, 2021, providing a secure system for users to share financial data from multiple sources, including bank accounts, loans, and investments, with service providers such as lenders or wealth managers. Account Aggregators act as intermediaries, ensuring that data sharing is encrypted, permission-driven, and fully under user control.
The Reserve Bank of India first set the stage for the AA ecosystem in 2016 through its Master Directions. During India’s G20 Presidency in 2023, the AA framework was recognised as a key Digital Public Infrastructure (DPI), complementing the identity layer (Aadhaar) and payments layer (UPI). Its impact has been highlighted in G20 documents, including the 'Policy Recommendations for Advancing Financial Inclusion' (2023) and the 'Report of India’s G20 Task Force on Digital Public Infrastructure' (2024).
The ministry said the ecosystem has seen rapid growth across banking, securities, insurance, and pension sectors. The AA framework is expected to unlock new opportunities in formal credit access, particularly for MSMEs and personal lending, supporting India’s long-term vision of a Viksit Bharat by 2047.

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