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Nandan Nilekani Urges Account Aggregator Expansion for Gig Workers and MSMEs
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CNBC TV18•15-10-2026, 12:48
Nandan Nilekani Urges Account Aggregator Expansion for Gig Workers and MSMEs
- •Infosys Chairman Nandan Nilekani called for expanding the Account Aggregator ecosystem to reach street vendors, gig workers, and MSMEs.
- •Speaking at the SAMVAAD India Open Finance Summit 2026, he emphasized growing the AA reach from 20% to 50% of adults.
- •Nilekani highlighted that combining AA infrastructure with artificial intelligence can empower millions of small businesses to grow and create jobs.
- •The Account Aggregator framework enables asset-less individuals to access credit safely based on their financial data.
Key Questions Answered
Nandan Nilekani stated that the Account Aggregator ecosystem must expand from reaching 20% of adults to 50%, extending its reach beyond salaried individuals to include street vendors, gig workers, and micro, small, and medium enterprises (MSMEs) to improve financial inclusion and credit access.
Aadhaar records 9 crore authentications per day with 95% of adults enrolled, while the Unified Payments Interface (UPI) processes 75 crore transactions daily and reaches 45% to 50% of adults.
Smaller enterprises are more resistant to job impacts from artificial intelligence because many of the operational tasks they perform cannot be done by AI, helping create safe employment and protect the economy.
