BharatPe and PhonePe Settle Long-standing Trademark Dispute

BharatPe Group and PhonePe Group have finally put an end to their long-standing legal disputes over the use of the trademark suffix ‘Pe’. The Fintech unicorns have been entangled in legal battles across multiple courts for the past five years, but have now reached an amicable settlement.

In a joint statement, the companies announced that they have withdrawn all opposition against each other in the trademark registry, allowing them to proceed with the registration of their respective trademarks. This settlement will also bring an end to all ongoing judicial proceedings related to the disputes.

Chairman of the Board at BharatPe, Rajnish Kumar, praised the decision, calling it a positive development for the industry. He commended the professionalism and maturity displayed by both companies in resolving the legal issues and shifting their focus towards building robust digital payment ecosystems.

PhonePe’s Founder and CEO, Sameer Nigam, expressed his satisfaction with the resolution, stating that it will benefit both companies in moving forward and concentrating their efforts on growing the Indian fintech industry as a whole.

As part of the settlement agreement, the companies will take necessary steps to comply with their obligations in all cases before the Delhi High Court and Bombay High Court. This marks a significant milestone in the journey of these two prominent players in the Indian digital payment space.