Account Aggregator – Facilitated Lending Crosses Inr1.6 Lakh Crore in FY25, Emerges as Key Infrastructure for Digital Credit
India, July 30, 2025: Sahamati, the industry alliance of the Account Aggregator (AA) ecosystem in India, has released its latest Credit Reimagined: Account Aggregator (AA) Impact Report H2 FY25. The report highlights the growing significance of the AA ecosystem for India’s financial services industry, especially the lending sector. According to self-reported data from 12 lending institutions actively leveraging AAs, ₹1,07,917 crore disbursed across 1.22 crore loans, with an average ticket size of ₹88,457 in FY25. The report estimates around 1.67 lakh crore across 1.89 crore loans to have been facilitated by the AA ecosystem in the same period.
This marks a significant leap in adoption and positions the AA framework as a foundational infrastructure for secure, consented financial data-sharing, enabling faster and more inclusive access to credit.
As of June 2025, over 24.8 crore consent requests have been facilitated through the AA ecosystem, with 182 million accounts linked and more than 750 regulated entities participating across banking, lending, insurance, PFM, and capital markets. An estimated 12.73 crore Indians, representing ~11.6% of India’s adult population, have used AA.
Shalini Gupta, Chief Policy & Advocacy Officer, Sahamati, said, “FY25 marks a turning point for Account Aggregators from early-stage deployment to meaningful, at-scale usage. Lenders are beginning to embed AA into their core credit workflows, not just for onboarding, but across the lifecycle. The ecosystem’s next chapter will be shaped by how seamlessly AAs integrate across use cases, segments, and sectors, enabling more informed, consent-driven decision-making in financial services.”
Key Lending Insights from FY25:
- 3.13% of India’s total loan disbursal value was facilitated via AA
- Adoption is highest in digital personal loans and consumer durable loans, with 9% penetration
- The AA ecosystem is enabling lenders to strengthen their risk management beyond underwriting with use cases across the credit lifecycle.
- NBFCs continue to lead the usage of AA for lending. However, in H2 FY25, for the first time, we saw a noticeable contribution from banks, accounting for one-fifth of the AA-enabled value of loans, signifying a rapid rise in their participation in the AA Ecosystem.
Evolving Use Cases and Next Frontiers:
- From early adoption in fully digital journeys, the expansion of AA use for assisted lending journeys via field agents and physical offices is expected to emerge as a growth driver. This is expected to increase trust and adoption, especially among MSMEs, and expand the usage of AA
- Lifecycle expansion beyond underwriting, to renewals, risk management, collections, and early warning signals is expected to establish itself as an effective tool for reducing fraud and operational costs.
- Cross-sector data (insurance, pensions, investments) usage beyond banking data to improve credit decisions and expand the coverage of lending in the country
The report reinforces that India’s AA framework, designed for safe, user-consented data sharing, is now playing a pivotal role in shaping digital financial inclusion at scale.