Manager, Licensing and Regulatory
Manager, Licensing and Regulatory
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Job Description
About PhonePe Limited:
Headquartered in India its flagship product the PhonePe digital payments app was launched in Aug 2016. As of April 2025 PhonePe has over 60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40 million) merchants. PhonePe also processes over 33 Crore (330 Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore.
PhonePes portfolio of businesses includes the distribution of financial products (InsuranceLending and Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus AppStore Localized App Store for the Android ecosystem) in Indiawhich are aligned with the companys vision to offer every Indian an equal opportunity toaccelerate their progress by unlocking the flow of money and access to services.
Culture:
At PhonePe we go the extra mile to make sure you can bring your best self to work Everyday!. And that starts with creating the right environment for you. We empower people and trust them to do the right thing. Here you own your work from start to finish right from day one. PhonePe-rs solve complex problems and execute quickly; often building frameworks from scratch. If youre excited by the idea of building platforms that touch millions ideating with some of the best minds in the country and executing on your dreams with purpose and speed join us!
Job Description
Industry: Payment Aggregator / Financial Services / Payments business
Functional Area: Financial Services Payments
Role: Manager
Reporting to: Senior Manager Legal
Key Skills: Drafting Vetting and Negotiating Agreements providing Legal Advice Risk
Identification and Management
Experience: Minimum 6 years experience; ideally with some experience in the Financial Services/
FinTech/ Payments industry.
Education: University Degree in law. A Masters Degree in Law is not mandatory but will be an
added advantage.
Location: Bangalore
PRIMARY RESPONSIBILITIES:
Business
Drafting negotiating and closing contracts with the internal and external clients.
Providing legal advice in framing/ review of policies and on all documents including contracts with
banking entities relating to the payments/ financial services business with a view to protect the
organization against any legal exposure and to minimize liability.
Staying updated on the regulatory environment; identify interpret and analyse existing and new
legislations/ amendments/ notifications that may impact business; and basis its applicability and
implications bring it to the notice of appropriate internal functions as required.
Advise and assist all stakeholders including Compliance and Business on both ongoing legal risks
and anticipated/ new legal risks arising by virtue of new laws or regulations.
Internal process
Adhere to timelines in reviewing and vetting all communications and documentations including all
agreements.
Follow up with internal stakeholders including business leads for time bound closure of
agreements; provide advice in course corrections; escalate when required.
Monitor the timelines for submission of applications pertaining to licences (new and renewals) to
regulatory authorities and ensure timely escalation where required.
Learning
Maintain a database on applicable laws as a ready reference.
Keep a track on the latest laws and notifications (including all notifications issued by the RBI);
Proactively advise the management and business about such laws/ amendments and its implication on
business including necessary changes in process/ procedure.
PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
- Insurance Benefits - Medical Insurance Critical Illness Insurance Accidental Insurance Life Insurance
- Wellness Program - Employee Assistance Program Onsite Medical Center Emergency Support System
- Parental Support - Maternity Benefit Paternity Benefit Program Adoption Assistance Program Day-care Support Program
- Mobility Benefits - Relocation benefits Transfer Support Policy Travel Policy
- Retirement Benefits - Employee PF Contribution Flexible PF Contribution Gratuity NPS Leave Encashment
- Other Benefits - Higher Education Assistance Car Lease Salary Advance Policy
Our inclusive culture promotes individual expression creativity innovation and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity ideas and debates where diverse perspectives lead to deeper understanding and better quality results. PhonePe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of gender sexual preference religion race color or disability. If you have a disability or special need that requires assistance or reasonable accommodation during the application and hiring process including support for the interview or onboarding process please fill out this form.
Read more about PhonePe on our blog.
Life at PhonePe
PhonePe in the news
Required Experience:
Manager
Employment Type
Full Time
