by - 10:03

The global payments company claimed the Indian firm wanted access its 'global reputation and grow its user base'.





United States-based payments company PayPal has filed a trademark infringement complaint against Paytm for using similar colours in its logo. The complaint, filed with the Indian Trademark office in November, claimed the Alibaba-backed Paytm used the same “two-tone blue colour scheme” found in PayPal’s logo.

“While the first syllable in each mark is in [a] dark blue colour, the second syllable adopts a light blue colour,” the complaint said. Paytm’s use of the word “Pay” is also part of its effort to access PayPal’s “global reputation and grow its user base”, the complaint said.

PayPal’s complaint was filed on the last day of the time-frame allotted for registering trademark complaints against Paytm’s advertisements, The Economic Times reported. Intellectual property lawyer Samuel Niranjan said the filing was likely a “competitive move”. “It seems considering the popularity of Paytm recently (thanks to the demonetisation and the government’s push for digital payments), PayPal may have decided to file an opposition on the last day of the deadline,” he said.

Paytm offers mobile recharge and utility bill payments, besides being a marketplace to consumers on its mobile application. It has more than 100 million registered users, according to its website. Its user base has grown exponentially since Prime Minister Narendra Modi on November 8 announced the overnight invalidation of Rs 500 and Rs 1,000 notes.

0 comments

Mesothelioma Law Firm Donate Car to Charity California Donate Car for Tax Credit Donate Cars in MA Donate Your Car Sacramento How to Donate A Car in California Sell Annuity Payment Donate Your Car for Kids Asbestos Lawyers Structures Annuity Settlement Car Insurance Quotes Colorado Annuity Settlements Nunavut Culture Dayton Freight Lines Hard drive Data Recovery Services Donate a Car in Maryland Motor Replacements Cheap Domain Registration Hosting Donating a Car in Maryland Donate Cars Illinois Criminal Defense Attorneys Florida Best Criminal Lawyers in Arizona Car Insurance Quotes Utah Life Insurance Co Lincoln Holland Michigan College Holland Michigan College Online Motor Insurance Quotes Online Colleges Paperport Promotional Code Online Classes World Trade Center Footage Massage School Dallas Texas Psychic for Free Donate Old Cars to CharityLow Credit Line Credit Cards Dallas Mesothelioma Attorneys Car Insurance Quotes MN Donate your Car for Money Cheap Auto Insurance in VA Met Auto Forensics Online Course Home Phone Internet Bundle Donating Used Cars to Charity PHD on Counseling Education Neuson Car Insurance Quotes PA Royalty Free Images Stock Car Insurance in South Dakota Email Bulk Service Webex Costs Cheap Car Insurance for Ladies Cheap Car Insurance in Virginia Register Free Domains Better Conference Calls Futuristic Architecture Mortgage Adviser Car Donate Virtual Data Rooms Online College Course Automobile Accident Attorney Auto Accident Attorney Car Accident Lawyers Data Recovery Raid Criminal lawyer Miami Motor Insurance Quotes Personal Injury Lawyers Car Insurance Quotes Asbestos Lung Cancer Injury Lawyers Personal Injury Law Firm Online Criminal Justice Degree Car Insurance Companies Dedicated Hosting, Dedicated Server Hosting Insurance Companies Business VOIP Solutions Auto Mobile Insurance Quote Auto Mobile Shipping Quote Health Records, Personal Health Record Online Stock Trading Forex Trading Platform mlm software in noida