BharatPe and PhonePe Settle Long-Standing Trademark Dispute

BharatPe Group and PhonePe Group have announced the amicable settlement of all long-standing legal disputes regarding using the trademark with the suffix ‘Pe.’ 

These fintech unicorns have been entangled in legal battles across multiple courts for the past five years. As both companies stated, the settlement marks the end of all open judicial proceedings.

Withdrawal of Opposition in Trademark Registry:

Following the settlement, both companies have withdrawn all opposition against each other in the trademark registry. This move will enable them to register their trademarks, facilitating smoother operations.

BharatPe and PhonePe: Positive Development for the Industry:

Rajnish Kumar, Chairman of the Board at BharatPe, hailed the decision as a positive development for the fintech industry. He expressed appreciation for the maturity and professionalism shown by the management teams of both companies in resolving the legal issues. 

“This is a positive development for the industry. I appreciate the maturity and professionalism shown by the Management of both sides, working closely to resolve all outstanding legal issues and moving ahead to focus their energy and resources on building robust digital payment ecosystems,” Kumar said.

Compliance with Settlement Agreement Obligations Between BharatPe and PhonePe:

The companies have committed to taking necessary steps to comply with the duties under the settlement agreement concerning all cases before the Delhi High Court and Bombay High Court.

Sameer Nigam, Founder, and CEO of PhonePe, expressed satisfaction with the amicable resolution. “I am glad that we have reached an amicable resolution in this matter. 

This outcome will benefit both companies in moving forward and focusing our collective energy on growing the Indian fintech industry as a whole,” Nigam said.

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