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    Home » PhonePe Group launches Account Aggregator services
    Fintech

    PhonePe Group launches Account Aggregator services

    Rahul Chari, Co-Founder and CTO at PhonePe said, "The launch of the Account Aggregator service, puts PhonePe Group at the forefront of building digital public infrastructure that will have a significant impact on millions of Indians. This will also empower users to access and control their own financial data, revolutionizing the way they engage with financial services. The Account Aggregator Network sets the stage for a new era of digital connectivity, where individuals can harness the power of their own information to make informed financial decisions and unlock a world of opportunities."
    June 9, 20231 Min ReadBy Bfsinxt Desk
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    PhonePe Group recently announced the launch of its Account Aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Pvt Ltd (PTSPL).

    PTSPL’s Account Aggregator service will allow Indian consumers to consent to and share all their financial data, such as bank statements, insurance policies and tax filings with regulated Financial Institutions or FIUs (Financial Information Users) for several use cases such as applying for loans, buying new insurance, getting investment advice, etc.

    Rahul Chari, Co-Founder and CTO at PhonePe said, “The launch of the Account Aggregator service, puts PhonePe Group at the forefront of building digital public infrastructure that will have a significant impact on millions of Indians. This will also empower users to access and control their own financial data, revolutionizing the way they engage with financial services. The Account Aggregator Network sets the stage for a new era of digital connectivity, where individuals can harness the power of their own information to make informed financial decisions and unlock a world of opportunities.”

     

    Account Aggregator PhonePe
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    • Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited
    • Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers
    • Cashfree Payments launches ‘BNPL Plus’
    • IDFC FIRST Bank, Club Vistara and Mastercard launch new credit card
    • PhonePe launches one-stop POS solution for merchant partners

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