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BharatPe and PhonePe end legal battle over trademark rights to "Pe." Both companies can now pursue independent trademark registrations and focus on growing India's fintech industry.
BharatPe and PhonePe settle long-standing legal disputes over trademark 'Pe' suffix.
The settlement marks the end of a five-year legal battle that had been ongoing across multiple courts.
Fintech unicorns BharatPe Group and PhonePe Group have amicably settled all long-standing legal disputes pertaining to the use of the trademark with the suffix 'Pe', both companies said in a joint statement. BharatPe and PhonePe had been involved in long-drawn legal disputes across multiple courts, over the course of the last five years. The settlement will put an end to all judicial proceedings.
The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop using 'Pe' in Devanagari script in their brand name.