NEW DELHI, Sept. 2 -- India's account aggregator (AA) ecosystem, launched in 2021, has become one of the country's fastest-growing pillars of Digital Public Infrastructure. Four years after its launch, the AA framework now has more than 112 million users and has enabled 2.2 billion financial accounts for secure, consent-based data sharing.

Introduced by the Reserve Bank of India, the AA framework allows individuals to aggregate their financial data, including bank accounts, loans, and investments, and share it selectively with lenders or wealth managers.

This process is secure, using encrypted, user-permissioned flows that are designed to protect privacy. By acting as a trust-based intermediary, AAs expand access to formal credit and pe...