How many licensed Account Aggregators (AAs) are currently operating in India? Can someone share the updated list of RBI-approved AAs, and also explain if all of them are fully functional or if some are still in the testing or onboarding phase? 1. Is UPI a payment aggregator? Is SBI an Account Aggregator? Is PhonePe an aggregator?
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Currently there are 16 Account aggregators in India. Here’s the list-
- Setu (Agya Technologies Pvt. Ltd.)
- CAMS Finserv
- Finvu (Cookiejar Technologies Pvt. Ltd.)
- CRIF Connect Pvt. Ltd.
- Cygnet Account Aggregation Pvt. Ltd.
- Saafe (Dashboard Account Aggregation Services Pvt. Ltd.)
- Digio Internet Pvt. Ltd.
- OneMoney (FinSec AA Solutions Pvt. Ltd.)
- NADL (NESL Asset Data Ltd.)No , PhonePe, SBI and UPI are not account aggregators
- OMS Fintech AA Pvt. Ltd.
- SurakshAA (Protean Account Aggregator Ltd.)
- Anumati (Perfios Account Aggregation Services Pvt. Ltd.)
- PB Financial Account Aggregator Pvt. Ltd.
- TallyEdge (Tally Account Aggregator Services Pvt. Ltd.)
- INK (Unacores AA Solutions Pvt. Ltd.)
- Scoreme Account Aggregation Solutions Pvt. Ltd.
Pending approval- - Upmint Solutions Account Aggregation Solutions Pvt. Ltd.
No , PhonePe, SBI and UPI are not account aggregators.