Ecosystem has enabled ₹3.82 lakh crore in lending in FY26, equivalent to 1.08% of India’s FY26GDP
Bengaluru, September 2, 2026: On the occasion of the 5th AA Foundation Day, India’s Account Aggregator ecosystem has crossed 500 million fulfilled consents, marking five years of the country’s journey towards consent-based, customer-controlled financial data sharing.
What began as a new model for financial data sharing has evolved into digital financial infrastructure, with 1,100+ regulated entities live on the ecosystem, 2.8+ billion financial accounts enabled for sharing and 310+ million accounts linked by customers. The ecosystem has also enabled more than 600 crore data fetches to date.
The growing scale is translating into tangible financial outcomes. In FY26, AA-enabled lending reached ₹3.82 lakh crore across 3.68 crore loans, equivalent to over 1% of India’s GDP. AA-enabled lending accounted for 8.4% of retail and MSME lending by value and 11.8% by volume during the year.
BG Mahesh, CEO, Sahamati said, “Five years ago, Account Aggregator set out to establish a fundamentally different model for financial data: one where data moves with the customer’s consent, not because institutions control it. Crossing 500 million fulfilled consents shows that this model has moved from an idea to infrastructure at scale. More importantly, the value of AA is now visible in the financial outcomes it enables. The next chapter is bigger than scaling the network. It is about making trusted, consent-based data a foundational layer for how credit, insurance, investments and other financial services are designed and delivered in India. That is the opportunity before the ecosystem as we enter our sixth year.”
Lending continues to be the largest use case for AA, but adoption is expanding across insurance, investments, wealth management, personal finance and risk assessment.
AA-enabled lending has also moved beyond early fintech adoption. Banks accounted for 47.3% of AA-enabled lending by value in H2 FY26, demonstrating growing adoption among mainstream financial institutions.
The framework is also showing potential to expand access to formal credit. New-to-credit borrowers accounted for 18.2% of AA-enabled loan originations by volume, while women accounted for 19.8% of loan volumes in the participating institutions covered in Sahamati’s FY26 analysis.
In total, the AA framework facilitated more than 3.76 crore financial products and services in FY26, reflecting its expanding role beyond a single financial use case.
The fifth AA Foundation Day comes as the ecosystem enters a new phase of institutional maturity. In June 2026, the Reserve Bank of India recognised Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem, strengthening the governance framework for its continued growth.
The next phase will focus on expanding the range of financial information available through AA and deepening adoption across sectors. New data sources, including GST, CBDT and EPFO, can further strengthen cash-flow based lending and create new opportunities for MSMEs and customers with limited traditional credit histories.
About Sahamati:
Sahamati is the cross-sectoral Self Regulatory Organisation for India’s Account Aggregator (AA) ecosystem in India. Sahamati anchors participatory governance mechanisms for the ecosystem and ensures that all stakeholders, financial institutions, technology providers, and regulators collaborate to drive adoption and innovation. Sahamati works to accelerate ecosystem readiness, strengthen technology infrastructure, and enhance customer trust in consent-based financial data-sharing. For more information, check sahamati.org.in