wordpress blog stats
Connect with us

Hi, what are you looking for?

Why so blue: PayPal files trade mark infringement complaint against Paytm

There’s being petty and then there’s PayPal latest trademark infringement complaint. The global payments company  has filed a notice of opposition in the Indian Trademark office against Paytm for the use of a similar blue two-tone colour scheme. This was first reported by Bar& Bench.

PayPal in its complaint said that Paytm’s logo is “deceptively and confusing similar ” to its own logo. “The Applicant (Paytm) has slavishly adopted the two-tone colour scheme of the Opponent (PayPal) in its entirety. The first syllable in each mark is in dark blue colour and the second syllable in a light blue color,” the complaint read.

“Further, both marks begin with the term “PAY” which consumers tend to remember more than the second syllable, and the marks are similar in length. These similarities cause a likelihood of confusion in the aggregate, especially considering the fame of the Opponent’s earlier trade mark,” PayPal added.

Hindustan Times points out that if PayPal wins this trademark battle, Paytm will have to change the colour scheme of its logo, making a significant dent in the company’s identity. Following the demonetization of Rs 500 and Rs 1000 notes, Paytm has been advertising its product to help Indians adopt digital payments.

Earlier this month,Paytm announced on its blog that it now has 1 million merchants. According to the company: “The merchant network grew steadily from 37K in January’16 to 500K in September’16. The next milestone arrived on 25th November, 2016 when the 1 millionth offline merchant was on-boarded.” In addition, the company said that it is adding around half a million new users every day following demoentization.

Download: PayPal’s complaint

You May Also Like

News

The National Payments Corporation of India is in the process of rolling out a completely open source platform for the Unified Payments Interface (UPI)...

News

At an online discussion on Tuesday, Paytm CEO Vijay Shekhar Sharma defended the shareholding of  Chinese companies in his company, while also attacking the...

News

MobiKwik’s net revenues grew by 134% to ₹379 crore at the end of FY20 from ₹162 crore on the back of higher revenue from...

News

Non-bank lender Bajaj Finance is planning to enter the competitive Unified Payments Interface (UPI) market with its own third-party app called Bajaj Pay. The...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ