Sahamati delays account aggregator pricing model rollout to December

Sahamati, the industry body governing India's account aggregator ecosystem, has announced a one-month delay in rolling out its revised pricing model. The new fee structure, originally scheduled for implementation on November 1, will now take effect from December 1, according to the announcement.

The postponement grants financial institutions an extended period to access data through the account aggregator network without incurring charges. The move comes after multiple stakeholders sought additional time to align their systems and processes with the new pricing framework.

Account aggregators function as critical infrastructure in India's open banking architecture, enabling secure data sharing between financial institutions and fintech platforms. The pricing model revision represents a significant shift in how these services are monetized across the sector.

The one-month extension provides participating banks, non-banking financial companies, and other regulated entities with further runway to complete technical and operational preparations. Industry observers note that such transitions often require substantial system modifications and stakeholder coordination.

Sahamati's decision reflects broader considerations around ensuring smooth implementation of new regulatory and commercial frameworks within India's rapidly evolving financial services sector.