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Five years of legal battle between PhonePe and BharatPe ended, both settle with mutual consent
The long legal battle between two fintech unicorns – BharatPe Group and PhonePe Group over the trademark of the word Pay has finally ended. Both the companies said in a joint statement that they had resolved the dispute by mutual consent. Let us know what both the companies do and how the dispute between them started.
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“Five years of legal battle between PhonePe and BharatPe ended, both settle with mutual consent”
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en.sangritimes.com
26 May 2024
The long legal battle between two fintech unicorns – BharatPe Group and PhonePe Group over the trademark of the word ‘Pay’ has finally ended. Both the companies said in a joint statement that they had resolved the dispute by mutual consent.
Regarding the use of Pay, BharatPe and PhonePe have been engaged in a protracted legal battle. Over the past five years, numerous courts have heard this case. According to both businesses, all legal issues have been resolved jointly as of the current agreement.
Additionally, BharatPe and PhonePe have chosen to drop their lawsuits against one another filed with the trademark registry. They can proceed with their individual trademark registrations with each other's assistance.
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