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You give consent
When you choose AA features, you explicitly consent through the Account Aggregator app. You decide which accounts to share and for how long.
Consent & Control
Data Consent & Account Aggregator
Understand how KlearPay uses Account Aggregator and how you stay in control of connected financial data.
What is Account Aggregator?
Account Aggregator is RBI-regulated infrastructure that allows you to securely share your financial data with authorized entities. It acts as a bridge between your bank and services like KlearPay, without sharing your login credentials.
KlearPay is operated by KLOUDFIRST NEXTGEN SYSTEMS PRIVATE LIMITED.
How it works
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Secure data flow
Your bank sends transaction data to the AA, which then shares it with KlearPay. Your login credentials never leave your bank.
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KlearPay uses data
We use this data to calculate round-ups, identify surplus amounts, and automate micro-payments. We never see or store your passwords.
What data do we access?
Bank account metadata
Account numbers, balances, and transaction history where applicable.
What we never see
Bank login credentials, passwords, PINs, OTPs, or credit card details.
Why use Account Aggregator?
Account Aggregator enables advanced features that make loan repayment optimization easier:
- Automated round-ups: calculate small amounts from transactions
- Surplus detection: identify extra funds available for repayment
- Transaction tracking: monitor spending patterns to optimize timing
- Seamless automation: reduce manual effort in managing micro-payments
You're always in control
Revoke anytime
You can revoke consent through the Account Aggregator app. Data flow stops immediately.
RBI regulated
Account Aggregator is regulated by the Reserve Bank of India for security and compliance.
No credential storage
We never store or see your bank login credentials. They remain secure with your bank.
Optional feature
AA is completely optional. You can use KlearPay by manually entering loan details.
Questions?
If you have questions about Account Aggregator or data consent, please reach out.
support@klearpay.in