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Does PayTM's logo look similar to PayPal? PayPal thinks YES!

In future, these proceedings will go by the procedure or will be withdrawn after mutual settlement

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Paytm

Rahul Dev  |  New Delhi 

With recent announcement of Demonetization, digital payment wallets have gained immense traction and among the likes of FreeCharge and MobiKwik, PayTM seems to be leading the market with a majority.

Interestingly, while Demonetization was announced on November 8th, 2016, PayPal opposed registration of PayTM’s trademark on November 18th, 2016. More interestingly, PayTM’s trademark application was at final step of registration and was advertised on July 18th, 2016 for acceptance, which marked the beginning of statutory period of 4 months within which said trademark ...

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First Published: Fri, December 16 2016. 14:33 IST
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