Money & Banking

PayNearby gets broking licence

Our Bureau Mumbai | Updated on July 08, 2019 Published on July 08, 2019

The Insurance Regulatory and Development Authority of India has granted an insurance broking licence to fintech player PayNearby. “Through the creation of Nearby Insurance Broking Services, the company has forayed into the insurance sector to make affordable insurance available to the masses, at a shop nearby,” the company said in a release on Monday, adding that as part of the launch strategy, it has acquired We Care Insurance Broking Services.

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Published on July 08, 2019
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