India's Account Aggregators surpassed 100 million consents, growing by 1,059% in FY24.

India's Account Aggregators (AAs) surpassed 100 million consents, growing by 1,059% in FY24, reaching nearly 8% of the adult population. The AA ecosystem, introduced by the Reserve Bank of India, enables customers to share financial data with third parties, promoting new financial products and services. DigiSahamati Foundation anticipates 25-30% penetration by the end of FY25, making it the fastest-growing open finance ecosystem globally.

August 20, 2024
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