India’s Account Aggregator DPI could promote equitable financial access: World Bank

India's micro, small, and medium enterprises (MSMEs) face a credit gap of between $250 billion and $300 billion. The World Bank says in a blog post that even before the pandemic, 92 percent of small businesses in the nation lacked access to formal credit, but the county is on the right track to address this market barrier.

India's Account Aggregator (AA) architecture is a part of the nation's Digital Public Infrastructure that can help underserved businesses and individuals access financial …

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