Global digital payments major PayPal has filed a complaint against its Indian counterpart Paytm, stating that the latter has stolen their logo and copied the aesthetics of the same while designing theirs. This development was first reported by TOI. In a complaint filed with the local trademark office, PayPal has specifically pointed out that Paytm’s branding has a striking resemblance to their own logo design. The former has been using a two-tone blue color theme to define their business for the past ten years, and have even trademarked it. Thus, the American giant states that the Alibaba-backed Indian startup’s trademark is “deceptively and confusingly similar to PayPal.” Read more: thetechportal.com
