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The Micro, Small, and Medium Enterprises (MSMEs) sector is the backbone of India's economy, contributing significantly to employment generation, industrial output, and exports.

An account aggregator is a digital platform that helps you securely share your financial data from your account

India announced the adoption of the Account Aggregator (AA) framework, a secure system for sharing financial data that has the potential to transform investing and credit ecosystem. An account aggregator is a non-banking financial company (NBFC) regulated by RBI that offers customers services like retrieving, consolidating, organising, and presenting their own financial data.

The financial sector is buzzing with hype about the revolutionary potential of Account Aggregator (AA). The framework will have a transformative effect on the financial services ecosystem and could become the next UPI moment for lending.