Legal Counsel, Regulatory & Advisory

PhonePe; Bengaluru; On-site; INR 4,000,000 - 7,000,000; Full time

Benefits offered by this job

Medical Insurance

Wellness Program

Onsite Medical Center

Relocation benefits

Paternity Benefit

Job summary

PhonePe Limited in Bengaluru is seeking an experienced Senior Legal Counsel to draft, negotiate and close contracts with external clients in the payments and fintech space. You will provide legal advice on policies and documents to minimize liability and protect the organization.

You will monitor regulatory developments, advise compliance and business units on risks, manage internal timelines for licences, and maintain a knowledge base of applicable laws.

Qualifications

• 8+ years' experience in Financial Services, FinTech, or Payments.
• Experience in drafting and negotiating contracts with external clients.
• Strong understanding of regulations impacting payments and financial services.

Responsibilities

• Draft, negotiate and close contracts with external clients in payments/fintech.
• Provide legal advice on policies and documents to protect the organization.
• Scan regulatory environment and advise on implications for business.
• Advise stakeholders on ongoing and new legal risks arising from laws or regulations.

Skills

Contract drafting

Negotiation

Regulatory analysis

Legal advisory

Policy review

Education

LL.B. / law degree

LL.M. (advantage)

Job description

PhonePe Limited (Formerly PhonePe Private Limited) is a technology company that builds digital platforms for Payments, Digital Distribution Services and Financial Services. Headquartered in India, the PhonePe digital payments app was launched in 2016. As of April 2026, PhonePe has over 70 Crore life-till-date registered users and a digital payments acceptance network spread across over 5 Crore merchants. PhonePe’s products and services include Consumer Payments (including Digital Distribution Services), Merchant Payments, Lending and Insurance Distribution services, and New Platforms, which comprise Share.Market (stock broking and mutual funds distribution platform), and Indus Appstore (Android-based mobile app marketplace). 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 you’re 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

Business

• Drafting, negotiating and closure of contracts with the external clients, and help the business in execution of the same.
• Ensure provision of legal advice in framing/ review of policies, and on all documents, contracts and agreements relating to the payments/ financial services business to protect the organization against any legal exposure and to minimize liability.
• Scan the regulatory environment, identify, interpret and analyze existing and new legislations/ amendments and notifications that may impact business; bring to the notice of the appropriate internal functions about their implications and applicability 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 official 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; escape 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 comprising FAQs, dos anddon’tsas a ready reference.
• Keep a track on the latest lawsand notifications (including all notifications issued by the RBI), and proactively advise the management and business about such laws/ amendments and its implication on business, and accordingly suggest changes in process/ procedure.

Qualifications

Experience: Minimum 8 years’ experience, including experience inFinancialServices, FinTech, or Payments.

Education: University Degree in law with relevant subject matter expertise related to finance, corporate law etc. A master’s degree in law will be an additional advantage.

Additional Information

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.