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Innoviti sues Pine Labs, accuses it of infringing patent on UPI payments

The payment tech company said it has filed the suit for infringement against Pine Labs before the City Civil Court, Bengaluru and has been granted an ex-parte ad interim injunction against Pine Labs

UPI
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Payment technology firm Innoviti has sued digital retail payments company Pine Labs  for infringement on its patent for technology enabling Unified Payments Interface (UPI) at point of sale terminals. The company said it has filed the suit for infringement against Noida-based Pine Labs before the City Civil Court, Bengaluru and has been granted an “ex-parte ad interim injunction” against Pine Labs with effect from July 16, 2019.  This prevents Pine Labs from manufacturing, selling, distributing, exporting and dealing with this technology through its Plutus Smart ...