Discussion in 'BlackHat Lounge' started by Rank 360, Dec 16, 2016.
I see what they have done there. However I believe PayPal is going to lose here atleast in Indian jurisdiction system.
Obviously they feel threatened by them. Which is hilarious.
I looked at the logo and website of Paytm and there is no way I'd get that confused with PP. PP doesn't do 90% of the things Paytm does. Also, Paytm is shorter than PP. How you can get them confused is beyond me.
They must think the average consumer is really stupid.
You must confess, that most people are really stupid.
That's not something to confess. We're not hiding it. That's a fact.
But my point remains valid.
If I were PayPal i'd try the same. The almost identical color scheme and similar length might confuse some people thinking Paytm might be a subsidiary of PP.
If one assumes that PayPal does not want competition, it makes sense trying to proceed against paytm.
At least anybody knows that PayPal and Paytm do not belong together when media are reporting on this issue.
So well played by PayPal.
Hmm, a subsidiary. I can see people getting confused with that, yes.
Of course PP doesn't want competition. It's PP. They're assholes.
A Wiseman once said, "A good artist copies, the best artists steal!"
They've all done it, e.g. Microsoft, Apple etc.
Paytm has been one of the world's fastest growing fintech firms since the Indian government dropped the demonetisation bomb. Companies like PayPal really missed the boat here!
Good luck to them.
PayPal thinks they are too smart. But the truth is they are dumb and seriously they gonna loose it.
They did. I think this is more about jealousy than anything. I don't know anything about Indian laws, so I don't know if they've got a snowball's chance in hell. And while you may get confused and think Paytm is a PP subsidiary, in all actuality, you're still not gonna go to PP's website to reload your phone with minutes. And I think that's the point.
Let's hope so. I keep waiting for the day when someone cracks their armor and they just go downhill from there. If they do lose it may set a precedent. Looking forward to the outcome.
you gotta admit colors looks same. But that is no way enough to win the case imo
Well you know what I got to say.
Another cheap tactics by American company
PayPal is just afraid to loose its market and yes hey are !
Before demonstration I already used Paytm to pay Indian folks cuz there's no fucking fees , chargeback , verification and all other GayPal stuff
i hate everyone named paypal
I hate paypal from the bottom of my heart, but its necessary evil. All of my customers use it, can't get rid of it.
Problem is I can't see any other credible global competitors to PayPal that have the economies of scale to match.
All cross border transactions are subject to the money laundering act and terrorism financing legislation. PayPal has to deal with that and in most cases have to cover their own arses and ultimately penalise their account holders.
Paytm is only India based at the moment (I assume?). If they're looking at being a global payment gateway like PayPal, they'll inevitably have the same bureaucratic transactional headaches that PayPal have, I'd imagine.
The legal challenge is a bit like Mike Tyson asking Justin Bieber for a fight! Doesn't make sense.
Unless there's a global platform, which is smooth like Paypal, we cannot shift. And Paypal has chosen its opponent. The logo colors are same, first three letters are same, and the intention is same. So, Paypal is actually trying to smooth out competition, and that is a great move from a business perspective. From a common sense perspective, not so good - because they will lose to the country's jurisdiction.
Agreed. India did kick Mr Zuckerberg in the bollocks with his "free" basics, after all!
Lol. Most of Indians don't even know PayPal exists. Anyhow RBI already issued strict rules against Paypal ( You can't send, receive as gift blah blah.) Go home Paypal, India is not for you.
Moreover PayTm is Growing faster than anything else after Demonitization.
Even General Store near my home accepts Paytm.
PayPal is going to lose. The two aren't even remotely similar.
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