Global payments major PayPal has filed a complaint opposing the registration of Paytm's trademark in a notice with the local trademark office, which falls under the ministry of commerce.
The notice, reviewed by TOI , says that PayPal has pointed out that Paytm's trademark is "deceptively and confusingly similar to PayPal" with a similar colour scheme.
"The first syllable in each mark is in dark blue colour and second syllable is in light blue colour. Further, both marks begin with PAY' which consumers tend to remember more than the second syllable, and the marks are of similar length. These similarities cause likelihood of confusion in the aggregate, specially considering the fame of the opponent's (PayPal) earlier trademark," the notice said.
When contacted, both PayPal and Paytm spokespersons refused to comment on the matter.
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