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NEWS PayPal Paytm in company logo spat
commerce platform has stolen from its logo. In a complaint filed with the Indian trademark office, it accuses Paytm of producing something that is “deceptively and confusingly similar” to its own, claiming the Alibaba Group-backed company had “slavishly adopted the two-tone blue colour scheme” of the PayPal logo.
P
According to the complaint, “these similarities cause a likelihood of confusion…There is no reason for the Applicant (Paytm) to adopt the identical colours and colour scheme other than to take advantage of the reputation the Opponent (PayPal) has built up into this combination in connection with its popular services.”
Paytm has declined to comment on the complaint. It advertised its trademark registration in July, a mandatory
ayPal is claiming that India’s biggest mobile
step, after which other parties had a period of four months to raise objections. PayPal stepped in on the last day of the timeline.
Scott Thompson Apple and Square in payments partnership
people to spend money stored on the Square Cash app anywhere that accepts Apple Pay.
A
Square CEO Jack Dorsey and Apple Vice President Jennifer Bailey, who heads up Apple Pay, unveiled the partnership at the Code Commerce conference in San Francisco during December. “People just want a more modern interface to
pple and Square are teaming up to allow
their finances,” said Dorsey, who is also Co-founder and Chief Executive of Twitter.
“Our goal is to replace the wallet,” added Bailey, who noted that Apple Pay is now accepted by 35% of US merchants.
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2017
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