Now Reading: Account aggregator network gets standard pricing from 1 November
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Account aggregator network gets standard pricing from 1 November
The account aggregator (AA) ecosystem will get a standard pricing model from 1 November 2026, ending three years of deliberation. A circular from Sahamati, the RBI-recognised self-regulatory organisation for the network, sets a standard fee that financial information users (FIUs) such as lenders will pay to pull customer data through the AA network.
The fee is split among the financial information provider (FIP) that holds the data, the AA that carries it, and Sahamati. For a seven-month bank statement, the lender pays between ₹5.88 and ₹6.55. Of this, ₹2.80 goes to the bank and 40 paise to Sahamati, with the rest going to the AA. Banks will be paid only if they meet a minimum data delivery success rate, starting at 80% from 1 December.
The new model replaces separate bilateral deals and cuts out technology service providers (TSPs) that had acted as intermediaries. TSPs get no share of the new fee, and some say the model will squeeze their margins. AA executives argue that TSPs had been charging unreasonably high prices.
Indian Opinion Analysis
The standard pricing turns the AA network into a costed utility, replacing a patchwork of intermediary deals that left AAs with thin margins. Banks now have a financial incentive to maintain reliable data-sharing systems, while TSPs, which are not regulated, lose their revenue share. The circular does not cap what AAs can charge for extra value-added services, leaving room for new pricing disputes. The impact on TSP margins and the benchmark success rate rising after December will test whether the model holds.
Source: business-standard.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
