Financial technology player PayNearby has been given an insurance broking licence by Insurance Regulatory and Development Authority of India (IRDAI). As a part of the launch strategy, PayNearby has acquired We Care Insurance Broking Services. The company said that its existing network of close to 6,00,000 retailers will be an engine in building a forceful new channel. “People who have never sold insurance are trained to sell to people who have never before bought the product....