BharatPe Group and PhonePe Group have announced the amicable resolution of all longstanding legal disputes related to the use of the trademark suffix ‘Pe’. This settlement marks the end of numerous court battles that spanned the past five years.
As part of the agreement, both companies have initiated steps to withdraw all oppositions against each other in the trademark registry. This will facilitate the registration of their respective trademarks. Additionally, they have agreed to comply with all necessary steps under the settlement agreement for cases pending before the Hon’ble Delhi High Court and Bombay High Court.
Rajnish Kumar, Chairman of the Board at BharatPe, commented on the resolution, stating, ‘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.’
Sameer Nigam, Founder and CEO of PhonePe, expressed his satisfaction with the resolution, saying, ‘I am glad that we have reached an amicable resolution in this matter. This outcome will benefit both companies, allowing us to move forward and focus our collective energy on growing the Indian fintech industry as a whole. I would like to thank Mr. Rajnish Kumar and his team for working with us to achieve this positive outcome.’
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The settlement between BharatPe and PhonePe not only ends ongoing legal proceedings but also signals a cooperative effort to advance the digital payment ecosystem in India. This agreement allows both companies to redirect their focus towards innovation and growth within the fintech sector.
