Madras HC Orders Status Quo Against Digital Payment App MobilePe

The Madras High Court has ordered maintenance of status quo against digital payment app MobilePe in the matter of offering unified payments interface and Bharat interface for money services

Topics

Madras High Court | UPI | BHIM

Press Trust of India  |  Chennai 



digital payments

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

The has ordered maintenance of status quo against digital payment app MobilePe and its group in the matter of offering unified payments interface (UPI) and Bharat interface for money (BHIM) services.

Justice M Sundar granted the injunction while passing interim orders on an application arising out of a civil suit from PhonePe on October 19.

In its suit, PhonePe contended that the defendant had infringed upon its trademark.

The judge found the logos of the plaintiff company PhonePe and the defendant (MobilePe) were similar. The plaintiff company made out a prima facie case of possible deception, the judge said and passed the interim order and issued notice to the defendant companies returnable by November 2.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Wed, October 26 2022. 20:33 IST


RECENT NEWS

HSBC Swings The Axe At UK Wealth In An AI Push

HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more

Kraken's Owner Buys A Bank: The Lines Are Blurring

Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more