AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

PhoneP Group announced to get out of account aggregator business

by Aaryan Srivastav
February 7, 2025
फोनपे ग्रुप ने अकाउंट एग्रीगेटर बिजनेस से बाहर निकलने का किया ऐलान

New Delhi, 7 February (IANS). The leading Phonpe Group of the Fintech region on Friday announced to get out of the account aggregator (AA) business. Instead, he will partner with other AA companies in the market.

PhonePe Group has said that it has always tried to create a product by focusing on financial inclusion for all Indians, which is important to achieve the country’s goal of becoming a developed economy by 2047.

The company said in a statement, “We are confident that promoting the account aggregator (AA) ecosystem is very important to properly pursue financial inclusion. By the year 2022, AA Ecosystem was in infancy and the adopted in the initial phase The number was also low. “

In June 2023, PhonePe Group received his own AA license to ‘creating its own account aggregator platform and to help accelerate the development of AA Ecosystem’.

The company said, “This was different from our general strategy of manufacturing the last consumer (B2C) products. We are proud that we have been successful in registering about five crore Indians on our AA platform in less than two years. . “

However, due to competitive priorities, “we could not do as much financial information providers (FIPs) on our platform.”

The company said, “The good news is that today AA Ecosystem itself is flourishing itself and many other companies are also growing very fast. Therefore, PhonePe Group has decided to get out of the account aggregator business, and Instead we will partner with other AA in the market. “

Accordingly, the company has decided to surrender its NBFC-AA license to Reserve Bank of India (RBI) and take an initiative to stop its AA operations.

PhonePe Group said, “We will soon reach our AA user base and make them aware of their decision and help them according to the regulatory guidelines.”

-IANS

FZ/AKE

SendShareShareTweetSharePinShareSend

Related Posts

पोस्ट ऑफिस की ये शानदार स्कीम दे रही है जबरदस्त रिटर्न, पति-पत्नी मिलकर बनाएं 13 लाख सिर्फ 5 साल में
Business

This great scheme of post office is giving tremendous returns, husband and wife should make 13 lakhs in just 5 years

by Aaryan Srivastav
July 30, 2025
sdafds
Business

These rules will change from August 1 … Google Pay, PhonePe, Paytm must improve these habits before using Paytm

by Aaryan Srivastav
July 30, 2025
Gold price declines, yet the figure reached beyond 1 lakh, what are the latest rates
Business

Gold price declines, yet the figure reached beyond 1 lakh, what are the latest rates

by Aaryan Srivastav
July 30, 2025

Latest News

zzzzzzzzzzz
Lifestyle

Loan recovery agent is disturbed, then do this work immediately, will stop financial institutions

by Kavita Nagar
July 30, 2025
sdafd
Astrology

Amarnath Yatra again postponed due to heavy rains, repair work going on on Baltal route

by Sandhya Hirani
July 30, 2025
India appealed to ceasefire amidst Israel-Pilistine struggle, 'Human assistance beyond politics'
India

India appealed to ceasefire amidst Israel-Pilistine struggle, ‘Human assistance beyond politics’

by Amit Tripathi
July 30, 2025
fsdaf
Lifestyle

When Papa caught the daughter’s lizard, instead of fear, the girl did so much caress, people said – it is called parenting!

by Kavita Nagar
July 30, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.