Parag Mathur is the Group General Counsel at PhonePe, bringing over 24 years of extensive expertise in Legal, M&A, Regulatory, and Compliance domains.  His role at PhonePe involves providing substantial legal support for new business launches. He is also responsible for spearheading major projects like redomiciling PhonePe to India from Singapore, orchestrating the USD 1 Billion Funding Round, Insurance Broking, Stock Broking, Payments and NBFC -Account Aggregator licenses, including other connected registrations and sublicenses to enable digital distribution of financial products and services on PhonePe.

Through his engagement with the NITI Aayog, the Government of India, and financial regulators, he has helped drive regulations that support the use of Aadhaar-based OTP for onboarding in 2016, as well as video KYC, digital verification, and penny drop for non-face-to-face onboarding. These regulations have evolved over the past five years to allow for paperless and presence-less customer onboarding.

As a Fellow Member of the Institute of Company Secretaries of India and a law graduate, Parag has accumulated a wealth of experience through key roles in well-established organizations such as Modi Corp, Polar Software, Bharti Airtel, and ING Life Insurance. Before joining PhonePe, Parag was the General Counsel at BankBazaar.com, where he was committed to building dynamic teams that effectively support business goals and provide expert legal counsel.

His notable achievements have garnered him recognition in the GC Powerlist India 2023, by The Legal 500, General Counsel 100+ by Business World in 2024 and his team won the Best ‘Fintech-in house legal team’ by Asia Legal Business 2023.